Last updated February 21, 2019
weekly chart shown as daily chart is a mess. This chart has two options; either blast off from here, or make a marginal lower low first before rallying. The blast off count has FEYE in (green) minor-2 of (red) intermediate-i of (black) major-3. BUT, we will need to see price move above $20.50 soon to confirm. Right now price is below its 200d SMA, which is not a good sign. A drop below $14.25 will take this bullish option off the table (13.6% below current levels). IF one were so inclined to take a long position, than that’s your defined risk. Because below it the alternate count kicks in.
The alternate count has price in major-5 to new lows (around $9) underway. From there FEYE will then rally again.