After moving into a flag from end of December 2020 to half March 2021, the price has been going sideways from March 15th, using 19$ as strong support area and 21.5$ as support.
Within this channel the price has rebounded on support with volume on Apr 29th and May 13th and in my pinion is going to attach the 21.5$ resistance again in few days.
In my personal...
As we move to a digital world, cyber security could never be more important.
Absolute massive growth potential. Still researching the company but so far looks very promising. I see price doubling in 2021
Earnings didn't entirely please analysts so it has been trading down ever since but that's folly in my opinion.
Fire-Eye is the best cybersecurity play in the Small-Mid cap range; Crowdstrike has gotten too far ahead of itself for me to be comfortable buying at those levels.
Go long FEYE
Short-term Price Target: $25
Mid-Point: $30. (sell...
$FEYE found support as 50SMA with high volume. It is a descent sign for a bullish trend.
12 months Consensus Price Target: $16.17
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Thx
NASDAQ:FEYE is forming a beautiful cup and handle pattern. Go long after breakout.
Cybersecurity will be one of the biggest trends in the coming years so this could also be a nice long term opportunity.
In the short term this is certainly a nice pattern that offers opportunities.
With FireEye and Cyber very hot, and Raytheon buying WebSense, Blackberry looks cheap and very buyable. CEO John Chen wants to build BBRY to a bigger company (20.00+/share), but a 16.00 offer is viable. Majority shareholders could push hard enough to give in. I'd like to see BBRY get more partnerships that make it indispensable. Ultimately should be worth...
