FEYE formed confirmed head and shoulders

30 Tem 2016

I have strong believe in head and shoulders pattern particularly when it confirmed by break neckline as shown here. Buy near current price and stop loss is below 16.35 while mt target set at 22.5. Hope it good deal. By the way I am option trader rather than stock .

1 Ağu 2016

Not

Thomas Bulkowski, the author of encyclopedia of chart patterns, said " This formation (head and shoulders) rarely disappoints and the rise is worth betting on". This sound is so encouraging, I will jump in here. :)

3 Ağu 2016

Not

Engulfing bullish candlestick.

3 Ağu 2016

Not

4 Ağu 2016

İşlem kapandı: durdurma seviyesi

Unfortunately, earning not as expected and fall in extended hour. At last minute I bought put option Aug. strike 16.5 @ 1.06. Head and shoulders pattern in failed.