Cyber stocks sold off last week on he back of PANW weaker than expected earnings. However, CYBR reported very strong results a couple week back on 2/8 and dipped in sympathy with the group last week.
Notice how CYBR filled its earnings gap and closed above its Feb Value Area (using the MarketWebs Indicator) and bounced off its 50d MA, indicating that buyers...
Fundamentals
I have recently published a trade idea for another cybersecurity stock ( NASDAQ:QLYS ) and seems to have become a theme. The cybersecurity sector is rallying on the back of geopolitical tensions and some stocks, like NASDAQ:CYBR have put some lovely technical setups
The fundamentals here are not as pristine as in the case of NASDAQ:QLYS ...
IDX:CYBR is in the internet security business and this sector is looking healthy. I like this one for several reasons. First, it is in an upward sloping trend channel. It has just closed in a 3-week tight pattern. CYBR has also been testing the area of resistance to the upside for a few months. It broke out 6 weeks ago but did not have the volume. However, it did...
CyberArk focuses on privileged access security solutions, helping organizations protect against cyber threats targeting privileged accounts and credentials.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity...
Looks like the rally in $CYBR is done here, as long as below $148 give or take, we can expect downside action from here onwards. The target and time duration of the move could evolve and change slightly but if the stop holds the trend will likely remain down.
Best of luck!
Cheers,
Ivan Labrie.
Price action appears to be bound by 2 horizontal trendlines for the time being.
Earnings are 11-3 BMO.
Neutral pattern until a line is broken.
Short interest is around 5.2%.
No recommendation.
Target 1 to the upside is in larger green type. Targets if this breaks down are in orange with T1 in larger type than T2.
The 50% retracement of the trend up is just...
Complicated head and shoulders with an extra right shoulder.
If this breaks down with a downtrend, possible stop above neckline.
Price is dangling below the neckline with a red spinning top and trying to hold on. The neckline is a strong source of support until broken with a downtrend. The pattern is not valid until the neckline is broken with a downtrend and...
CYBR is setting up for a massive weekly/monthly move and I think it's important that traders get positioned for the potential move. Earnings were significantly better than estimates and I suspect they still have plenty of room to grow
I have high confidence this will be going back down. This is based on my dowsing work and I expect it to start later today.
I actually received this pic on the 2nd, and figured out now was the time frame for the trade.
They had earnings yesterday morning or Wed. night and, apparently, they guided down. So why an upgrade today? Anyway, I have this as a scene of...
Consolidiating in the Form of a bull flag after a 17% move.
Conformation would be a move over 158.
Target price ATH 169.
White house having a cybr security meeting Aug 25th which could be the catalyst for a breakout
Ransomware attacks might be the catalyst to break this stock out of its downtrend.
closed today right under 100ma. Volume has been picking up steadily last few days.
Also looks like a bull flag is forming.
Long entry for a bull flag is a break of the resistance (top trendline) with an uptrend.
Long entry for ABC Bullish is a break of the BC leg with an uptrend.
No recommendation.
This stock is a perfect example of why you shouldn't yolo trades on earnings. The pattern looked great, and the stock is very bullish and also in a great sector. However, something happened on earnings. I don't really care what happened all I know is it effected the stock price severely. The thing about earning is that a company could come out with the best...
CyberArk reported earning this morning and looks to be setting up for a nice breakout to ATH. Get it on your watch list.
Cyberark Software Ltd (CYBR)- ISRAELI PROVIDER OF NETWORK SECURITY SOFTWARE FOCUSED ON PROTECTING PRIVILEGED ACCOUNTS
