Cybersecurity company Darktrace has had a fantastic run recently.
The company have recently raised profit forecasts and a number of brokers have raised the price target for the share price, one analyst is forecasting £8.00 from memory.
Looking at the current market cap, Darktrace is 3.21B. Compare this to Ocado, who are at present in the FTSE 100 .Their market...
Two scenarios where i plan to go long:
Fundamentals:
Darktrace provides mostly solutions for cyber security and could profit from the current atmosphere (Ukraine etc.)
Scenario 1 (Blue arrow)
Target: Next resistance level (upper red rectangle)
Requirments:
- retake of first resistance level (lower red rectangle)
- generating higher highs on the 1...
Good revenue growth and high in demand business model make me pick this one. Price was supported by that weekly tenkan and could use that to propel itself up...market order
Without question DARK is a stock to be following in the world of AI and Cyberattacks
which seem to be all we read about just lately See WEF for enlightenment .
Technically we are sitting in the middle of a ascending channel
which we have been trading inside of since June .
I have drawn some levels using FIB to provide some areas of support and Entry if
any...
Really interesting corresponding cycle crossover.
Disclaimer: I am not a financial advisor. This is not advice. This is factual information based on my proprietary models.
Head and shoulders formation developing here?
Already 25% invested to take advantage if it bounces/reverses at first support level and resumes uptrend - in for the longer term here as this story has plenty of room to develop - targeting 50% profit take @ 1500p (£15) per share minimum.
Early institutional investors selling/profit taking - huge volumes yesterday...
