10Apr12:30 pmEST

Say Hello to Those Hacks for Me; Chess Moves

With HACK, the cybersecurity ETF, having a good week, I went long FEYE on its own merits, too.

Specifically, I went long FEYE at $42.03 with a protective stop-loss below $40. 

On the daily chart for FEYE, below you can see the attempt to resolve the highlighted falling channel to the upside. The stock has a fair amount of shorts in it to squeeze, too, if buyers seize full control.

Overall, FEYE has been trying to knock out a long base bottom since it effectively crash last year around this time. I am not so sure it makes new new all-time highs anytime soon. But if this pattern holds to the upside a tradable rally could be in the cards. 


Earnings are not until April 30th. 

Playing the Same Notes A Wicked Long-Term Look at G...

 
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