Price has been consolidated within the channel after earnings. They want to sell off but the price quickly rebounded to previous resistance ($21.50) and has now held at that level for quite some time. This also coincides with what might be the completion of the fourth wave in a larger cycle. If this is correct price still has one more leg up and I could take FEYE higher. Targeting ~$27-$30 within the year and possibly a doubling of price within two...
Could trend down in the channel until seller exhaustion but it is unlikely that price will dip far below support at 19/20 unless there is a major market wide event