Comparing the Global X Cybersecurity ETF versus the S&P 500 and the NASDAQ indexes since 7/31/2021.
If you like the cyber security space, you can trade BUG or use it as a barometer as it's comprised of names such as PANW , CROWD ,ZS, etc. I like this fund because... it's cheap. PANW is trading at almost $600 , options aren't cheap (JUN 620c is 28.4 or $2,840 a contract). However if you wanted to go long on BUG JUN $32 calls they are trading at about 1.10...
The oscillators show a long entry. Momentum - RSI crosses the 50 upwards. Trend - Stochastic is in an upward trend. Stochastic strategy - over 80% success in the ETF.
There is an increased need for protection against cyber-attacks. Below are some statistics from the 2021 Cybersecurity Statistics Report via PreyProject. - 70% of organizations say that they believe their security risk increased significantly in 2017. (Ponemon Institute) - By 2020, the number of passwords used by humans and machines worldwide is estimated to...
I will get into commons. I like the ascending wedge, the cinched MACD, the stochastic and ATR.
A relatively new ETF, BUG provides exposure to companies involved in the development and management of security protocols preventing intrusion and attacks to systems, networks, applications, computers, and mobile devices. Eligible securities are those in the emerging and developed countries and are selected based on the revenue which must be at least 50% generated...
Double Top Pros: Descending volume during formation RS flat and below 0 R/R ratio above 5 ATR flat Cons: PPS above 50MA and 200MA 200MA ascending 250RSI above 50 If confirmed: PT = 17.92$
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...