FEYE (Long) Position on the Radar

Yesterday's large volume, 3C signals and daily closing candle/volume look very much like an upside reversal point for FEYE, it's the intraday action yesterday that had me add to the small , speculative call position, Adding a Little To FEYE Aug. 22nd $30 Call, but it's yesterday's closing daily chart that has me putting this note out.

 This daily candlestick isn't a typical reversal candle, however the longer tail on the bottom means lower prices were rejected and the larger volume usually is a good indication of a turning point, sort of a short term capitulation event. So far FETE has broken above its 5 min/50 bar moving average this morning.

5 min leading positive divegrence in to yesterday's higher volume.

3 min chart confirming, I don't like FEYE much beyond the 5 min chart so it's not a trade, at this time, I foresee as being anything more than what we've taken it as.

And yesterday's larger volume areas with positive divergences.

Keep this one on the radar, any volatility from the F_O_M_C minutes may be useful in managing this position.