PING has secular tailwinds being in the cyber security sector with a specialization in facial recognition technology. The stock has been in a trading range that started in June and recently formed a triple bottom in September. The stock is now back towards the high end of the range, and seems poised to finally break through resistance. The way to trade this is...
Topping up here
- Trend line support
- 20EMA daily
- Ascending triangle
- RSI relatively oversold
- Short term resistance at 0.6 show by high volume. Good place to take some profits if you intend to.
- Recent earnings and 50% loss in operating revenue. However, the earnings reaction was neutral which shows strong hands holding this.
- If negative...
We've been in this and just doubled up today. First initiation was back on July 13th but the Oct 19's. This morning we also bought the Oct 21's looking for an additional aggressive move to the upside with it flagging again. Options are stupid cheap.
-broke .685 level = new support
-clean ascending triangle
- Hybrid blockchain for securing, verifying and exchanging business-critical information
- Protect data
- Issue accreditations for your business
- P2P data exchange
Entry : .691
Exit : .763
SL: .667(thesis invalidated if major support is broken)
Trend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment.
If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party...
-MACD daily golden cross
-Upper-level exhaustion (known as cup and handle in TA culture)
- Bullish Moving averages
- War on data. Data is the new currency. Protecting data comes with big rewards.
- Management team
- Top government contracts: MOAT
- Good financial health
- Insider ownership: 17%
- Recurring revenue
- TAM 2.8B in AUS and 7.7B...
"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy"
Fundamental difference between some of the biggest cyber-security companies:
- Gross margin > 70%
- Just entered profitability with a net margin of 0.04%
- Revenue growth 25.4%
- Rule of 40 = 0.04+0.04 = 25.4
- Free cash flow growing slowly
- The net revenue retention rate of 111%. Existing customer base alone has added 11% of revenue for the year ended 2019. 1100 new customers which is about a 30% increase
Cybersecurity Stock Increases Earnings
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On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a...
After long rally and good earning results, $FTNT may need some pull back. RSI's highs getting lower, each price goes up. and there is double top with negative divergence.
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CyberArk is a smallcap security company offering Privileged Account Security ( e.g. financial services, energy, retail, healthcare).
Cause of the Covid19-Crash the Cybersecurity section crushed down to -33% but we are seeing fast recovery in the Cyber Sector recording to the First Trust NASDAQ Cybersecurity ETF (Blue Line).
I expect that Cyberark is going to have...
The cybersecurity stock, #FORTINET gained an average of 6.1% in April the past five years. After descent move since 20th March, now it is correcting. #RSI is weak, seems double top is formed. Watch for supports and resistances
Cybersecurity innovator FireEye has been trying to stage a turnaround in the last few months.
The stock went through years of weakness after a high-profile IPO in 2013, but new products have helped drive growth more recently.
Takeover speculation initially lifted FEYE in early October. This was followed by an apparently promising analyst day on October 10 ...
PANW earnings guidance lagged its forecast, creating a 12% decline after hours.
Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition.
Both the 50sma...