Opportunity Cost Matters

I hate charts like the one in FEYE right now.  I try to avoid breakout trades like this as they can really hurt you in terms of opportunity cost.  There's a chance this stock may just grind up the upper rail, but you might as well buy a CD.  Of course this could also break to new highs, but it's worth waiting at this point.

A bull can tell you it's a screaming buy with a technical breakout suggesting a move to the low-mid 50s, a bear can say it's a screaming sell.  Biases are confirmed left and right.

Truth is, anything can happen and what would likely frustrate the most people is if it obeys the rising upper boundary line and holds the triangle breakout.

One thing that can't be questioned, is the significance of the rising support line, currently found near 41.  It's also worth noting that volume looks great.  Maybe that's an extra sign the stock can break that upper boundary line and eventually to new highs.  Until it does, there are just easier places to put money in my opinion.

Trade 'em well