Cybersecurity
$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.
NERD -- Oversold and deeply undervalued IT playNERD is deeply oversold on what looks like tax loss liquidation by a single seller. Fundamentally undervalued:
- $7.15M mkt cap
- $10.1M in yearly revenue ($2.6M gross profit)
- Strategic partnership with Staples Canada
- Expanding into United States
- CEO hinted at acquisition news in the recent interview
$IGEX Massive DD Huge Potential for a Major Run Personal PT $1+Caren Currier in the wheel house driving this merger
www.otcmarkets.com
Pink Current = unaffected by new SEC/Broker rules everyone is freaking out about. Current before OTCMarkets suggested June30th deadline to ensure survival. This may sound trivial, but it huge!
www.otcmarkets.com
ZERO Liabilities/Debt = see current filings
www.otcmarkets.com
No Dilution for over a year = OTC regularly updated, TA not gagged
www.otcmarkets.com
Small float recently updated on OTCMarkets
Most outstanding shares held by insiders in the company.
Float fairly locked and moves on small volume.
Change of control:
backend.otcmarkets.com
Pending merger and acquisitions acknowledged by company directly in their OTCMarkets profile
"Focus on a merger and some acquisitions" quite possibly lithium related.
Previous to that company hinted:
"Focus on the acquisition and exploration of mineral properties in Nevada"
www.otcmarkets.com
$TONR New Domain Reg / Upcoming Merger and Twitter Updated PT $1$TONR Management has a Roadmap that will likely take this stock to around a $1 sometime next year given the numerous catalysts to name a few:
1. Debt Cancellation
2. Share Cancellation
3. Reverse Merger
4. OTCQB
Their old twitter and Facebook were removed today and OTCM was updated with the new twitter
twitter.com
twitter.com
A New Domain was also registered today as well:
www.whois.com
Roadmap:
twitter.com
$CYBL Multiple Rev Streams + Possible 525% Rev Increase PT: $1$CYBL has MULTIPLE revenue streams we have yet to even scratch the surface on.
FCS = FUTURE COMBAT SYSTEMS
1. FCS Battle Command
2. FCS SOSCOE (System-of-Systems Common Operating Environment)
3. Telecommunications
www.youtube.com
www.youtube.com
$CYBL from the latest info on the Infrastructure Bill, every state will receive at least $100M for #RuralBroadband and underserved areas even more. With #CyberluxITS
@CyberluxCFBD Group, we're primed and ready to deliver in this area. $45M opportunity they've identified here.
twitter.com
$CRWD: Strong Support at the 21-day EMACybersecurity equity valuations are soaring because people and investors realize that they will play an increasing role within company lives as we move further into the digitization of our economy.
Crowdstrike is an attractive investment mainly because of its rapidly increasing FCF and gross margins. Their ARR has also been rapid as they acquire new customers while maintaining relationships with existing customers.
Technically speaking, the 21-day EMA has acted as an excellent support/dip-buying opportunity on the weekly timeframe, as indicated by the chart. With the RSI gradually rising alongside this overall bullish trend, it is indicative of a strong upwards channel.
Cyber Security and BeyondLSE ISPY ETF
London Stock Exchange - L&G Cyber Security - Exchange-traded fund - Weekly view
In the post-COVID-19 scenario, the global cybersecurity market size is projected to grow from USD 217.9 Billion (£159.3 billion) in 2021 to USD 345.4 Billion / £252.5 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 9.7% from 2021 to 2026. The market's growth can be attributed to the increasing awareness and rising investments in cybersecurity infrastructure across global organisations operating across verticals.
Source: www.globenewswire.com
- ISPY ETF on the LSE since the start of 2020 (644 days) has grown by 85%.
- Time for profit has decreased across this year from 133 days to 63 days (blue) with time of consolidation remaining fairly level (red).
- 50 simple moving average & 200 simple moving average remain very healthy.
- Oscillator is in a flat top ascending triangle (bullish indicator).
- Buy and Sell cloud remains equal with no changes to ATH and lows.
Conclusion
Cyber security is a growing profession and market, as technology progresses so will online trading (stocks, index, futures crypto etc).
With development comes stability, with stability comes confidence, with confidence comes economical enhancement.
Value of ISPY is still very low (less than £20 / $27.36 (as of 15.10.21 at 0723). Whether you are a new to trading or a grounded professional. ISPY would be worth adding to your portfolio.
LSE requires full purchase of stocks.
US/Forex allows for fractional stocks.
IRNT Finding the FloorIronNet is a cyber security firm that is pretty new on the market. Despite its debut being less than three months since the time of this idea publishing it has already seen some big upward movement, followed by a quick fall back to Earth. Was this purchasing by "smart money" or retail traders chasing a quick buck? Not sure of the answer, but a search of forums will show lots of individuals have already gotten burned by this stock. Any seasoned trader knows letting excitement get the best of you means losing money. Buying high after the run up = Holding the bag on the way down.
It is unfortunate when this happens, but until sold, those loses are unrealized... and IRNT appears to have big upside potential.
This chart shows two distinguishable levels of support established in the short time the stock has been trading. Level 1, around the $11.50 mark is most important as it is being tested now. The falling price hit the breaks approaching this mark. If the level holds, I believe we can expect a return to the ATR (blue channel) and upward movement as it enters the green channel.
The next level to watch will be the resistance point established at price Level 2. A breakout of this price signals strong upward momentum, though it may not stick around long on this volatile new issue.
For the long term view, cyber security is a critical and growing industry that will only get more important over time. This means companies will keep spending more on cyber, and that is good news for IronNet.
Hapi will make us happy! HAPI, launched in 2021, offers a set of cross-chain smart contracts designed to provide real-time data on stolen funds and compromised wallets. The data provided by the platform is integrated with smart contract security audits.
HAPI tries to solve cybersecurity issues in the decentralized finance (DeFi) space by using an on-chain security protocol that creates trustless oracles. A set of cross-chain smart contracts embedded into DeFi products allows for an increased level of cybersecurity.
$BB falling wedge into breakoutA falling wedge pattern shaping in the BB price action, with increasingly lower price volatility inside the tapering wedge and MACD crossing, BB is setting up for a breakout upwards. With cyber security being talked about left and right, a reversal could be in the cards.
NET CLOUDFLARE POSSIBLY BREAKING OUTCloudflare Inc Cl A (NET)- DEVELOPS SOFTWARE FOR FIREWALL, ROUTING, TRAFFIC OPTIMIZATION, LOAD BALANCING, AND OTHER NETWORK SERVICES.
Trying this name again. It was good to me last year. Closed position 12/28/2020. I've been waiting patiently for this to continue its trajectory.
Possible breakout on high volume 2.6 million. Volume change 109%
06-08-2021
Entry 88.88
STOP 79.20
1 R 9.49
1 R PRICE 98.18
2R PRICE 107.67
3R PRICE 117.16
Earning increase 25% over quarter previous year
Educational purposes. Not meant as trading advice.
short term trade on FEYE80% of the time, gaps fill and 80% of the time the trading vehicle will revert back after filling the gap.
18% return approx: timeframe uncertain
FEYE gapped down on the good news of announcing the sale of their products business for $1.2 billion so they can focus on SaaS/cloud and a $500 million dollar share buyback program.
Funny how the market acts nowadays, AMC dilutes their shares (normally terrible news and usually results in bad price action) and it skyrockets, while FEYE announces a good business strategy while taking in cash to retire debt and focus the business AND a share buyback program all should have resulted in good price action, but its 2021, new market.
The market is a mystical beast that is constantly changing but one thing for sure is gaps fill (80% of the time).
cybersecurity stock to watch this week FEYEFEYE has been building a base for almost 5 months now in the form of a bullish pennant and is just beginning to break out.
The reason FEYE is different than CRWD is that they are more of a service in times of crisis than a monthly/yearly subscription to the software (although they do that as well and are involved with cloud services). They are the crisis team that comes in after a serious cyber attack or other cybercrimes to seal the leaks and right-size the ship. They were who the Colonial Pipeline called in after the serious Darkside attack and reportedly were the first to detect the SolarWinds breach. Their services will, unfortunately, be in high demand as entities like Darkside sell malware/ransomware (RaaS=Ransomware as a Service) and provide services to other hackers so that any average Joe with minimal computing experience can put the screws on any small, medium, or large company for ransom.
In other words, CRWD focuses on preventing breaches while FEYE excels in the case of a real breach that has already occurred which has become extremely prevalent as cryptocurrency provides shelter for these groups to operate at a large scale.
"The bigger the base, the higher the space"
Technical set-up is there, fundamentally it trades at a tenth of the Price/Sales of CRWD (much better value), and macroeconomically the Total Addressable Market is expanding by the day & cybersecurity/companies like Fireeye have never been so necessary.
#FEYE - Long targets 30$-35$ - Great flag pattern in progessAfter moving into a flag from end of December 2020 to half March 2021, the price has been going sideways from March 15th, using 19$ as strong support area and 21.5$ as support.
Within this channel the price has rebounded on support with volume on Apr 29th and May 13th and in my pinion is going to attach the 21.5$ resistance again in few days.
In my personal opinion the price might break this resistance and re-enter the green ascending channel in order to attack the first bullish target of 30$ (this is the target given by the pole extension of the flag) and then to head to the second target of 35$.
The 35$ area is the area where the fibonacci expansions projection falls.
Nobody knows by when this might happen, but having no rush I wait, with patience, until these two technical targets are reached, making the two patterns complete!