nftrh plus

NFTRH+; This Stock is Making a 2nd Attempt at a Long-term Breakout

When FEYE was added per the NFTRH Charts & Notes segment it was noted that it had broken out and then pulled back, but was worth watching (or something to that effect).

The daily chart has seen the stock spike since finding support at the up sloped SMA 200. That spike has brought it back to breakout territory.

feye

The weekly chart shows the larger situation. If it is not making another head fake and can close the week this way – and if markets are stable in the coming weeks – I don’t see much reason why FEYE cannot continue upward to at least 24, which is the most conservative pattern measurement. The least conservative measurement is 27.

Weekly MACD and RSI look good and up volume has been very good relative to down volume.

feye

Just an FYI on a currently held position that has appeared in the Charts & Notes segment in recent weeks. A stop loss on this bullish view would begin with a failure back below 19.36, which was the previous 2018 high back in April.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.