HUB Security (TASE: HUB) Recovers Lost Ground, Braces for NASDAQ2022 has been quite the ride for Hub Security (TASE: HUB). In late January, the company announced its intention to pursue a NASDAQ listing via an unnamed SPAC merger. Further details were released on March 23rd, when HUB announced a definitive SPAC merger with RNER for a Q2/3 '22 listing on NASDAQ at a $1.3B valuation. Significantly, this market cap represents a significant valuation multiplier for existing HUB.TA shareholders, presenting a unique opportunity for significant upside for LT investors and stakeholders. After posting nearly 100% share price increase YTD, following the SPAC merger announcement HUB share value tanked, bottoming out late-March after backtracking most YTD gains. That said, in the weeks since the stock is slowly re-accruing value as some of the initial hype is fading away, signaling the re-entry of LT investors after traders/ST-holders panic-sold in March.
In sum, HUB.TA +26% YTD, meaning that it has far outperformed multiple benchmarks such as the TA90 (+3.39%), QQQ (-17.16%) and the CIBR ETF (-4.7%). As NASDAQ and really the global tech market as a whole have taken a beating, HUB continues to perform strongly and regain lost ground as it braces for its highly-anticipated NASDAQ listing. To date, price action is flirting with the 10-day MA, meaning the free-fall of end-Q1 has all about stopped. Furthermore, RSI has been moving steadily through slightly undervalued territory, meaning that now HUB share price is more fairly priced by the market compared to the burst of volatility in late-March. All tentatively bullish signs that this confidential computing disruptor is re-establishing its footing after a bump in the road as it braces to make a splash on the US cybersecurity/tech investment space.
Cybersecurity
Potential bullish reversal off oversold RSI on contract newsPlurilock Secures Plurilock DEFEND Order with California-based Pension Fund
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solutions provider for workforces, announced today that its wholly-owned subsidiary, Aurora Systems Consulting, Inc. ("Aurora"), has received a purchase order from a California-based pension fund for the Company's Plurilock DEFENDTM continuous authentication solution.
This transaction represents the first cross-selling purchase order through Aurora for Plurilock's DEFEND technology offering. Per the purchase order, the customer will pay a monthly subscription for the Company's continuous identity confirmation solution based on a fixed number of end-users. This order also includes ongoing maintenance support.
All contracts and orders announced by PlurilockTM and its subsidiaries since January 1, 2022, including the latest orders, represent a combined total of roughly US$5.28 million in sales.
"We are pleased to report the completion of our first cross-sale of Plurilock's cutting-edge DEFEND solution," said Ian L. Paterson, CEO of Plurilock. "This order highlights the strategy we developed following the acquisition of Aurora in April 2021, where we first acquire profitable cybersecurity companies with prominent customers, and then leverage those distribution channels to cross-sell our high-margin proprietary products. We will continue to identify new cross-selling opportunities and vigorously work towards signing new purchase orders for our advanced zero trust identity technology."
This California-based pension fund is an existing Aurora customer that required an identity-centric cybersecurity solution to enhance their system's defense against potential cyber threats. Following a stringent evaluation, the customer selected DEFEND given its robust continuous identity analysis capabilities and zero trust architecture - Plurilock DEFEND's proprietary technology uses micro-patterns in a person's keystroke and pointer behavior to continuously confirm identity every 3 to 5 seconds, ensuring that the person using a device is the authorized user.
Pension and retirement funds are at a heightened risk for a cyber attack as evidenced by instances like the September 2021 breach of a Missouri retirement system with 128,000 active members, where an employee's email account was compromised by an attacker that accessed files containing personal information.1 Additionally, 44% of surveyed Master Trust retirement-related funds reported they experienced a cyber attack between 2019 and 2020, underscoring the need for a zero trust identity solution that will secure access and halt credential compromise.2
About Plurilock
Plurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.
Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems.
To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable.
Crypto projects get hacked in two main ways:
1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything).
2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.)
Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way.
According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol)
vitalik.ca
ATEN falling wedgeATEN broke out of the falling wedge pattern. Quality stock with solid fundamentals & a dividend in a growing sector. Looking for a retest of $17's soon.
Channel Trade w/ Surprise Potential Easiest type of trade possible: upper channel near term target 168 by Apr 1
Motivating because industry/sector is heating up.
Not advice of financial type or whatevs.
IRNT: NICE BASE REAADY FOR BREAKOUTIRNT :
The chart of this cyber security play does not look bad at all.
We have a long base forming after a gap down in December. Some can see a cup and handle, not perfect though.
I like it if it breaks 4.9 for a swing trade to 6.36, then maybe 10.
Stop loss at 4.20.
The sector/theme is hot right now...
Trade safe.
The AGE of Cybersecurity 🔒 Hello Team!
Here is a fresh look at what we believe to be a large & growing sector; Cyber Security. As more of us are becoming 100% Digital and Currencies such as the Chinese Yuan are going digital we can assume that current trends will continue to develop rapidly. This leaves everyone vulnerable to hacks, cyberattacks, and breaches.
We are looking at stock called: Palo Alto Networks. This specific stock has held strong during these uncertain times in the stock market while other strong stocks have been having corrections. We listed a few buy areas for long-term investors. It's best to dollar cost average in strong stock that you believe will play a big part in the future. The smallest position will be #1 increasing to #3 (Levels which we may never see again, but it's important to note & set alerts as the months and years go on in case we forget about it.)
We would love to hear your thoughts on other companies in this space that you believe will be game-changers!
$BUG Good Cybersecurity BarometerIf you like the cyber security space, you can trade BUG or use it as a barometer as it's comprised of names such as PANW , CROWD ,ZS, etc.
I like this fund because... it's cheap. PANW is trading at almost $600 , options aren't cheap (JUN 620c is 28.4 or $2,840 a contract).
However if you wanted to go long on BUG JUN $32 calls they are trading at about 1.10 ($110) !
Technically, BUG has broken down from the upward channel and is currently trading below the weekly 30day moving average.
Bullish Scenario : Price breaks back into the upward channel , in which case an idea would to be go long with an initial PT of $38
Bearish Scenario : Price rejects at the channel / 30day moving average and we see the next leg down with an initial PT of $25
Of course, with each scenario one could go short / long in one of the individual stock names for a higher R/R trade
$NLOK: Putopia HedgeRegardless of what deals are made regarding forces, long NLOK offers a pretty solid hedge against any impending cybercrimes that may linger as a result of the current geopolitical conflict and the citizen's reactions there of. This company is also much less exposed to the drains of inflation compared to numerous other stocks on the market.
promising action in cybersec (CIBR)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.
PANW - Cybersecurity bullishnessI'm liking how PANW looks for tomorrow. It solidly broke out of a long range earlier today and could have some firepower going into the day tomorrow. This could be great for day trading. Swingers might want to wait for a retest of support to enter, but that all depends on risk tolerance and overall strategies for each individual trader. In other words, YMMV.
I'm watching this closely at the open tomorrow to get in on some of the action. Quick scalps here could be easy with a breakout possibly moving to the $600 mark, or near to it. As always, be careful and watch for signs of sell offs as people may take profits at these higher levels and in the risky market environment we currently live in.
Ultimately, I think that this is the beginning of a potential uptrend and I'll be looking for that retest or a flag to go long. Tomorrow, it's all about that scalp for me.
Fundamentally this play makes sense as well. Cybersecurity should be at the top of every company's mind with what's going on in the world today. CRWD had some great moves earlier today and we could see other similar companies (like the main character of this post) move up along with the rest of the sector.
Time for CRWD to shineHello Friends!
I’m looking for CRWD to test the 200 day ($185) and build that as the new support. Then it should target $206 and consolidate in that zone before the next move.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice . Do your own research.
$CHKP This one is involve in online or Cyber Security. Given the current geopolitical news, I think it’ll be a hot sector til everything calm down.
I like the dinosaur head shape tops. lol
Creating a good demand zone (see 10 min)
What’re your thoughts?
$CSCOCyber Security at its finest. With all the news of Russian cyber attacks look for smart money to be pushed in this direction.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NASDAQ:CSCO
cybersec stocks set to confirm eventual reversal (CIBR)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.
PING - Ready for reversal. Heading to $30 rangePING. Great company with strong fundamental in cybersecurity space. Many companies across the globe is adopting PING or ping like solutions.
Never missed earning EPS or revenues so far. WFH has fueled the cybersecurity adoption.
On TA front, it's ascending megaphone pattern and good part is that it's tested out the major support level before reversal. Think it will hit $30 easy in tactical time frame 2- 4 months.
I am very LONG on PING and see good growth in this company from strategic perspective.
One can consider it as BABY form of FTNT.
Note : Above is my personal opinion only and I may be completely wrong. Please do your own DD before any investment.
Regards,
Subhash
two directions for cyber security stocks (cibr)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
continued support in cybersec (CIBR)cybersec stocks should see additional support through the end of the year pushing CIBR back up toward $53
$MIME: Email Security While Trust In Big Tech Wanes?As distrust in big tech continues with FB making new lows and cyber security stocks continue to reach out for new highs, the tech hangover from COVID looms large. Mimecast I believe will ultimately find themselves on the right side of technology trends in the future while the rest of the world figures out how invasive they want their online communications to be and how comfortable they are with companies hanging onto their data.
$CTK/USDT 1D (Binance Futures) Symmetrical triangle breakout CertiK has pulled back to demand zone after a strong bullish move, let's join the up-trend here.
Current Price= 2.376
Buy Entry= 2.354 - 2.182
Take Profit= 3.062 | 3.792 | 4.994
Stop Loss= 1.814
Risk/Reward= 1:1.75 | 1:3.36 | 1:6
Expected Profit= +35.01% | +67.20% | +120.19%
Possible Loss= -20.02%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Websites: www.certik.com www.shentu.technology
Contract:
#Mainnet
#BEP20 0xa8c2b8eec3d368c0253ad3dae65a5f2bbb89c929
Long $OKTA - Ready for next leg upSince IPO Okta has maintained it's growth and it has done that in phases. Looking at weekly chart it looks promising and consistent in 4 year long uptrend.
In 2021 it has mostly consolidated and absorbed last years growth and gearing up for next phase of growth.
Okta has earnings on Dec 1, be careful about position sizing. Try to avoid earnings volatility.
SentinelOne $S, recent IPO breakoutSentinelOne is a cybersecurity company with presence in the US, UK and Tel Aviv. Some of its clinets are Aston Martin, NASDAQ:JBLU , NASDAQ:ADSK and NYSE:FVRR . Its Price/Earnings ratio is negative but had a +120% change in sales from the last quarter. That's the kind of fundamentals I like to see on IPOs.
As is a recent IPO, its stock price is still too volatile. So, even though today's breakout respects all my BUY filters, I got in with half my position sizing. If tomorrow's price action follows through correctly, I'll but the rest. With a stop loss at $69.74, my target sell will be beyond $84.60. When the price crosses that target I'll adjust my stop to breakeven.
IBD Investors gives NYSE:S a 19 in its Industry Rank with a 94 RS rating.
