CIBR seems to be making a M-pattern & is now at 39, a 50% retracement. If the yellow zone does not hold 39, then the next will be the 0.618 pivot support at 34 which is also a 200% retracement of the latest rally.
34 is also located near the base of my slanted FIB CHANNEL. 34 may be the bottom of the ABC correction & the start of a new 5 wave uptrend inside this...
cyber security stocks are like an insurance premium on data centers. the more sensitive the data, the more is paid in general securing it. this etf will do really well when tech is booming. tech should return soon, so cybersec sgould return soon. rsi is about to meet signal for the first time in more than a week. anchored vwap is flattening above price. qqe is long.
Enjoyed uptrend from May 2020 thru about Jan. 2022
Price has now formed a Head and Shoulders pattern with a breakdown to confirm
Price has now pulled back to neckline and is rejecting 50ema
Yesterday’s gravestone doji at resistance is my que to enter.
Entering short trade
Stop loss: 51.00
Target : 41.00 – RR ration 2.98
Daily chart analysis
CIBR in long term uptrend since 2016 supported by 200ema.
Price has now come into a Support area of value between 48-50.
Stochastic is currently also in oversold status.
Will Be entering trade to go long
Target: Trailing 200ema
How will ETFs and Portfolio managers respond to CRWD after earnings. It seems they have been stepping away lately.
Volume from the ETFs that hold the largest weightings of CRWD seem to be declining. Will be interesting to see if this predicts a drop after the earnings announcement.
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance...