It has been a record year... for cyber extortion. Orange Cyberdefense data, detailed in a Bloomberg article this week, reveal that there have been four straight quarters of increased corporate victims of hacks and financial blackmails. Major recent cyberattacks include those on MGM Grand, Clorox, Boeing, and China’s ICBC just this year alone. It is all good news...
Broken downward trend, retested, looks ready to go again. Monthly chart.
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...
Comparing the performance of the CIBR ETF versus the S&P 500 and the NASDAQ indexes since September 30, 2021.
CIBR 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 Entry: 48.49 Stop loss: 51.00 Target : 41.00 – RR ration 2.98
i think now that were over it, remaining over vwma after testing some higher low should be an easy task. this should lead the market up.
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.
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 Entry: 49.70 Stoploss: 47.14 Target: Trailing 200ema
if there is bullish continuation in the nasdaq cibr could hit the 53.5 area soon and if there is return to volatility cibr could revisit the 50.89 area
cybersec stocks should see additional support through the end of the year pushing CIBR back up toward $53
Unusually high volume, gaps ups for selling, taper tantrum and pushed valuations?
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 Is a Cybersecurity ETF Top 10 Holdings CRWD - CrowdStrike Holdings Inc Class A6.72% AVGO - Broadcom Inc6.37% SPLK - Splunk Inc6.29% OKTA - Okta Inc A6.02% CSCO - Cisco Systems Inc5.74% NET - Cloudflare Inc3.64% ZS - Zscaler Inc3.28% AKAM - Akamai Technologies Inc2.98% VMW - VMware Inc2.91% FTNT - Fortinet Inc2.90%
Technical Analysis: 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...
NASDAQ:CIBR I will be keeping an eye on low volume CIBR for a breakout above the overhead resistance. THe 200-, 50- , 20- and 10- DMA are advancing. The weekly chart looks good also.
After a signfiicant move upward, NASDAQ:CIBR begins showing some weakening momentum at resistance. This could lead to a move downward to around the $25.00 area.