FireEye Inc. $FEYE has been in a choppy bullish trend since early 2017 after price tagged $19.50 before rebounding. Since then, price action has been choppy, but has been able to make generally higher highs and higher lows. Price is now trading above the 200-, 100-, and 50-day simple moving averages (SMAs), which is a sign that the market has turned bullish in 2017 and is continuing to be so in 2018.FEYE Daily Chart(click to enlarge)Bullish Channel:- The daily chart shows that price has been in a bullish channel, but we shouldn't be too fixated on this channel. - More importantly, price has made a new high on the year, which is above the 2017 high. - Price is also cracking a resistance area going back to 2016 between $18.80-$20.00. - Furthermore, we have a bearish divergence spotted on the daily chart.- Normally, if a bullish trend is strong, I would not give weight to the bearish divergence.- In this case however, we can see that 1) the market is choppy, and 2) previous bearish divergences have been followed by consolidation/bearish correction.- Therefore, I would suggest expecting some resistance around $20 with a prospect of a 10% correction back to $18 or around $17.75 a recent resistance pivot that might react as support.- I would limit the bearish outlook for now to the $16, which would be a strong correction, but still within the context of an overall bullish market.