Long
FEYE to head higher in the coming weeks
Per the weekly chart, FEYE bounced off the 20MA as well as $18 support area back at the beginning of the month.
On the Daily chart, price broke out of the flag pattern a few days ago, and since then it's gone side ways.
Nonetheless, it looks to inch up to target profit 1/ $24 area within a month.
To reach target profit 2/ $29-30 area might take a longer time. Will evaluate again if and when it reached $24.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
On the Daily chart, price broke out of the flag pattern a few days ago, and since then it's gone side ways.
Nonetheless, it looks to inch up to target profit 1/ $24 area within a month.
To reach target profit 2/ $29-30 area might take a longer time. Will evaluate again if and when it reached $24.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Note
Still grinding along the upper trendline. Setup still valid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.