$CYBR is coming out of its falling channel and is looking good to break it for the upside here. Earnings are coming up on Nov 6 so might run prior to the report. Some might say it has a mini inverted h&s pattern too.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
CYBR Looks like it is holding 100$ and starting to build the right side of its base. Long if it can break out of this consolidation above 100$ Call it 107.50$
This is only a tentative chart. Best practice in TA asks that at least 3 points on the price action touch the channels.
Yet it stands to reason that CYBR is not going bearish anytime soon given the urgency of cyber security in these times, with China, Iran and North Korea all aiding and abetting each other in cyber crime.
I’ve already started building the position but if price comes back to $88.00 to $100.00 I will be backing up the truck and purchase as much as my portfolio allows. Cyber security is always going to be needed. I wouldn’t be surprised if this was a take over target at some point in a market wide selloff.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
As the US economy breaks record levels in many dimensions, cyber-security will become vital to protecting businesses from cyber threats - both large and small. The rest of the world which is pretty angry about a strong America is going to leverage its power through cyber-warfare. Well, that's the geopolitical spiel. Here's the graph of one of the most prestigious...
Watch the volume this morning to see where this goes because the 21 ema is trying to cross back over the 50 sma, the macd is bullish, and the rsi is showing momentum. A little volume and we could see a nice quick trade setting up. No target necessarily, so if this plays out like I think it will just take profit by selling into momentum at your own discretion...
If you are lucky enough to have been long CYBR in 2019 you have made a 70% gain so far, that should ring the alarm bells alone. The price has been on a upward trajectory while the RSI has been on a downward trajectory got eh last 2 months. FOMO money was late to enter, but will be very early to exit this name on any pullback and weakness in earnings. We will be...
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company's software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company's Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager. The Company's products provide protection against external and internal cyber threats and enables detection and neutralization of attacks. The Company's Enterprise Password Vault provides customers with a tool to manage and protect all privileged accounts across an entire organization, including physical, virtual or cloud-based assets.
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CYBR
