FireEye $FEYE has been trading in a choppy rising channel since early 2017 when price bottomed around $10.50. As we can see on the daily chart, price is again at the channel support. FEYE Daily Chart(click to enlarge)Consolidation:- Although price is testing a channel support, I think it's more important to recognize that price is essentially consolidating around the 200-day simple moving average.- We can ignore the prevailing rising channel, because it clue us in on whether FEYE is bullish, or whether this channel is simply a flag pattern in a long-term bear trend.Scenarios:- But if price falls below $15, it would show that the market is at least bearish in the short-term. This would open up the $13.50-$13.70 pivot. - Below $13.50, we have the $10.30-$10.50 low in sight.- A hold above $15.50 at the moment maintains a slight bullish bias.- However if the market is indeed bullish, it would push price above $17.50, which first opens up the $19.20-$19.80 consolidation resistance (seen on the weekly chart).- Ultimately, a push above this resistance establishes a price bottom and opens up the $24-$25 area, which is another critical support/resistance pivot. FEYE Weekly Chart(click to enlarge)