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Cybersecurity

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.
FLong
by EBITDAtiger
#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!
FLong
by FrancescoMerlettini
NLOKwe have scenario one, where the price hold and goes up, following the new little green channel. in order to happen, this cybersecurity company has to receive something from the US government. which may happen, as cybersecurity is trending right now. or we have scenario two, where the price goes up a bit more, and eventually drops down, and after (if) losing the MA200 (IN THE MONTHLY CHART... HUGE), goes down maybe till 5 bucks. if this has to happen, they should lose some funds or contracts from the government, which will have to go to one of their competitors. PLS: use STOP LOSS. can save you a LOOOT of pain and from being stuck in something you don't like for a long time. + trade with what you can afford to lose.
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by camelot0707
BAH a tailwind into a Cup and Handle With recent cyber security hacks plaguing the US online infrastructure, a company like $BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read was primarily that a good Cup and Handle starts with a 30% "Bump and run" as seen in the blue highlighted box. The book stated a U shape cup with a 5-30% rounded bottom is ideal, like that in the highlighted red box. For a proper Cup and Handle (40% potential rise after the handle) I would need to see the right lip get near (lower is better) the price of the left lip. Followed by a rather dramatic handle formation during the following two weeks.
NYSE:BAHLong
by AndreGallardo
Price rise as volatility drops?Hi. The Volatility of the Symbol MAGS has for the first time since the turn of the year lowered from a high level down to a center level. At the same time the MACD is currently crossing its signal while below the MACD 0 value. The price has also had steady highest lows since the start of the year. It could be construed that the lowest highs since the spike at the start of February create a triangle together with its corresponding bottom line, but the top line in this triangle is not as clear or strong as its bottom. The price is currently dancing over the MA 56 after dipping below since the start of March but as the price approaches the tip of the triangle and if the price breaks out of the triangle top line it will also stay above the MA more consistently. The RSI is currently high, at a value of around -30, but that value is consistent with past price increases which have held a high RSI even as the price has increased over a longer period. The example long trade shown has a TP that lies just below the high price of the 5th of February spike and a SL just below the low of the 8th of March and a buy line at the crossing of the triangles lines. Oh, and MAGS is a company that deals with security installations at borders, airports and other sensitive installations. As passage of travelers is increasingly allowed throughout the coming year demand and interaction with systems like these will increase and be amplified by the needs of increased security screenings in both areas of transportation and governmental institutions. Just a thought. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NASDAQ:MAGSLong
by Kabeldon
Telos Corp, a buy option It has a support level at $34 and resistance at $40, currently trading around $ 37. Touching its 55-period EMA. In uptrend since December. Belonging to a sector with future potential (cybersecurity). With low volume waiting for a strong movement. It can hit the $50-60 range during this quarter. Among its main customers are the Department of Defense, Department of Homeland Security, Department of State, FedEX, Citi, Amazon, Salesforce, Microsoft, among others. Backed by institutional investors like BlackRock, Vanguard, Goldman Sachs, Wells Fargo, and Citigroup. "Telos Corporation is a provider of cyber, cloud and enterprise security solutions for the security-conscious organizations. Telos Corporation is based in ASHBURN, Va." * It will report fourth quarter and full year 2020 financial results after the market close on Thursday, March 4, 2021 NASDAQ:TLS
NASDAQ:TLSLong
by amateur_trad3r