Cybersecurity
Bullish on Cybersecurity We are becoming more and more dependent on the internet. Along with this increased dependence the social desire for cyber defense will grow. Even at high costs the demand and necessity will be strong.
A single company will not monopolize security of the internet - it's too big and too complex - but I do think a broad index of companies building the "immune system of the internet" can benefit from this trend.
Supporting this trend are:
continued political cyber warfare & allegations lawfareblog.com
the release of CIA Hacking Tools ("zero day" exploits etc.) wikileaks.org
Hospital ransomware attacks - speaking to someone working in hospital data - hackers taking control of hospital data and holding it as ransom is more common than many of us are aware of. "The Federal Bureau of Investigation (FBI) reported a fourfold increase in ransomware attacks from 2015 to 2016. Those attacks resulted in a total of $1 billion being paid to hackers, the FBI said." medlineplus.gov
The Elliott Wave and technical analysis perspective:
Two cybersecurity ETFs $HACK & $CIBR have been trending in a bullish channel since 2015 and 2016 respectively, after tracing out a clear zigzag corrective patterns on long-term charts.
The two primary counts suggest further fifth wave upside at Intermediate or Minor degree.
The leading count is in red on the $HACK chart and depicted on the CIBR chart. Wave 3 is extended and wave 5 has begun tracing out the initial first and second waves.
The alternative count in blue on the $HACK charts illustrates an extended fifth wave in which Minute waves ((i)) and ((ii)) are complete and the initial first and second waves of wave ((iii)) of 5 are near complete suggesting a (iii) of ((iii)) of 5 spike is possible soon. $31.50 - $32.00 would be the first target zone.
RSI on $HACK is just shy of bullish territory and has been trending bullish with lower highs since February 2016.
Volume on $CIBR is trending up with higher highs suggest there is building strength for further upside.
EUROPE Cyberattack ! How do I make a profit from it ? #read12th-15th May
About 40 days ago... (Initial WannaCry outbreak)
en.wikipedia.org
15th of May
CNBC reported
"
Cybersecurity stocks jump after major 'WannaCry' attack
Palo Alto Networks, Symantec and FireEye led the gains on Monday among cybersecurity stocks following the Friday WannaCry malware attack.
CNBC analyzed 15 major cyberattacks over the last decade using analytics tool Kensho and found cybersecurity-related stocks posted big gains in the week and month after a big hacking.
"
www.cnbc.com
TODAY
27th June
Today, a massive cyberattack dubbed "Wannacry 2" has hit European businesses, Ukraine among biggest victims during the writing of this piece.
WHAT NOW AND HOW CAN I MAKE A PROFIT ?
Well, here is a short list of cybersecurity stocks that reported increased stock price last time this happened (Around 40 days ago):
Palo Alto Networks
Symantec
FireEye
Qualys
The intelligent investor will now proceed to conduct his own research and make an informed decision.
#Discuss
$BVTK Continues Slow Uptrend Upwards Target .10+$BVTK ADDED TO CONTRACTORS ON NASA.GOV OFFICIALLY HAVE GOV CONTRACTS!
twitter.com
$BVTK Bravatek Now Listed Gov Contract Holders (SEWP) Order Page
www.sewp.nasa.gov
Encrypt 1 patent info. Case docketed with examiner on 6/13. What does that mean? investorshub.advfn.com … OTC:BVTK
Cellucci has higher clearance in the US government than even the providers of the SEWP contract
- Business is all about connections, and cellucci has connections to very large agencies and corporations
- Bravatek has submitted several 8ks and are waiting for the lawyers and service providers to approve and file them, as they are very rigourous in making sure everything is perfect
- They have sold Ecrypt one, and have not only governments interested in Ecrypt one but also corporations
- They are already producing revenue, and have 8 IDIQ contracts being leveraged
- Viking telecom services is already producing revenue, and has the opportunity to generate substantial revenue. Towers are run by governments agencies like the NSA, CIA, ect and they lack the work to maintain and operate these towers. My opinion is that we see government contracts for the telecom services as well for that reason.
- Ecrypt one was developed by a leading Microsoft engineer (Ian treleaven) and is so different and advanced that it would even make microsofts head spin.
-Company is in talks with many equity investors, and people/firms who would like to acquire Ecrypt One or even Bravatek as a whole
- The firms that Bravatek has partnered with through the alliance marketing program are companies with products that can incorporate Bravateks products into their own and vice versa
Cellucci has turned around Bravatek, and now it is time to head in the direction opposite of which we turned around from, which means we are going north. I personally believe this is going to be a very successful company and I hope we don't get bought out lol
$PANW Cup and HandleSwitched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
www.trendyprofits.com
$MGT Looking Very Bullish After Appointing McAfee CEO / (EW)www.cnbc.com
I decided to analyze this stock after hearing about McAfee being appointed C.E.O. and the massive gains that were made that day. On the monthly chart it appears that MGT19.69% may have just completed a double zigzag pattern or possibly a triple pattern (which we can't see because of the 10 year gap in public trading, I've also hidden the data prior to 1995 because it is not relevant to this pattern due to the time gap). If it is a double pattern that would imply up to an 80% retracement, if it is actually a triple pattern then it would imply up to a 61.8% retracement, but it would also mean that the pattern started from a much higher price. For now since we only have consistent data going back to 1995 I am going to just assume that 80% is the max target. Now this obviously means that this stock could increase up to 200,000% from 1.5, so a fortune could be made from just a small investment in this stock . The risk to reward here is very very good. You may lose everything if the company some how went bankrupt (which is unlikely) but the gains of 2000x whatever you put in makes this trade well worth the risk so long as you do not risk too much of your capital. Even if it only gets a small retracement it is still going to be a very large gain because it is at such a low price as of now. It may take a couple of years to finish this retracement but it is very likely to grow massively if this pattern is correct.
Breaking the 0-B trendline as quickly as it has is also a good sign that this will continue going up for at least a few months. The Elliott Wave pattern seems to fit very well. Being that this is the 2nd largest bullish monthly candle that this stock has ever had (and its only the 12th of the month) it is very likely that this is a significant bottom. The yearly candle looks very bullish as well. The momentum on the monthly chart is a massive bullish divergence and has been waiting to play out, I think that it's finally time for it to start gaining some bullish momentum.
McAfee and his expertise in computer security gives this company a competitive advantage in their internet-based applications. The indicators look great and the fundamentals have just had a significant change, this could be a formula for a massive trend change. It will definitely be interesting to see if this count plays out like expected.