This one broke out over the last few days but I missed it. Lots of gaps still above that need to be filled. watch for continuation
LT hold for me. Selling off since hitting res after ER
Watching to see if this offers a trade Needs to settle first
Some MA resistance above but with a strong market breakout I like this for a swing/hold
$CYBR is coming out of its falling channel and is looking good to break it for the upside here. Earnings are coming up on Nov 6 so might run prior to the report. Some might say it has a mini inverted h&s pattern too.
CYBR Looks like it is holding 100$ 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$
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.
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.
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...
118 will need to hold
Watching $CYBR to trade back to daily chart high then through 136.80
Added to this high quality cyber security pos in Jan. Next consolidation, expecting to add yet again. Winers continue to win, even in pullbacks!