FireEye Tries to Bounce Following Golden CrossCybersecurity innovator FireEye has been trying to stage a turnaround in the last few months.
The stock went through years of weakness after a high-profile IPO in 2013, but new products have helped drive growth more recently.
Takeover speculation initially lifted FEYE in early October. This was followed by an apparently promising analyst day on October 10 and a decent earnings report on October 29.
FEYE rallied at the time, lifting its 50-day simple moving average (SMA) above the 200-day -- a "Golden Cross" chart pattern. It's now pulled back to the 50-day SMA and held its July peak above $16. Some traders may want to watch those levels for risk management.
FEYE may also appeal to some investors on a valuation basis because it trades for less than 5 times revenue, far below the multiples of most software companies.
Cybersecurity
Palo Alto Networks - buying dip?FUNDAMENTAL
PANW earnings guidance lagged its forecast, creating a 12% decline after hours.
Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition.
TECHNICAL
Both the 50sma and 200sma are working as support after the earnings report took PANW 12% after hours.
The 50sma is also looking to break the 200sma. Crossing of the 50sma over the 200sma could be a bullish confirmation of a healthy uptrend.
Will enter position if we can stay above the SMA's and enter the channel, formed by the most recent gap.
**Next short-term resistance area --> $228-$230.
VMware breaking its 200sma - beware...I am looking to enter a position in VMW, as it just crossed the 200SMA with good volume, and an uptrend RSI and OBV.
They report earnings November 26th, 2019; after hours. So be aware of the event. We will get a better understanding of how much it will move closer to earnings.
CIBR, which is an ETF of cyber-security is trending higher.
Analysts have a bullish fair value around $194.
***
The $COMPX (Nasdaq Composite) has strong technical RSI and OBV as well, but there was a bearish flash warning called the Hindenburg Omen, activate recently. Basically it means, that while there are many stocks near all-time-highs, there are also as many at all-time-lows, which is seen as a bearish indicator.
So I recommend a balance between tight stop-limits as well as selling at least 50% when we reach the first profit-exit goal.
Cybersecurity ETF - Huge volume spike Technical Analysis:
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance - $30.7
CIBR top holdings:
VMW - 6.64%
PANW - 6.63%
AVGO - 6.15%
CSCO - 6.03%
OKTA - 5.12%
FEYE - 3.50%
FFIV - 3.32%
SPLK - 3.18%
JNPR - 3.18%
LONG VRSNExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG CYBRExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
PANW - Cyber Security, One of the Best in BreedI’m watching Palo Alto networks for a breakout. My stop will be a close below the .618 fib, double bottom, and trend line support. This company is one of the best out there and like my other idea on $CYBR, the need for cyber security is NOT going away anytime soon.
Be sure to drop a like and a follow for more ideas!
LONG CYBRExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Sell Broadcom on this Symantec Acquisition, $20B Down The TubesBloomberg broke the news on Wednesday July 3rd, 2019 that Broadcom is in talks to buy struggling Symantec. This is a terrible idea on many fronts and $AVGO closed down 3% on the news. I believe that investors do not want this semiconductor company to waste $20 billion on a cybersecurity company (and why pick the one that seems to be struggling the most?). Certainly makes sense that we head lower over the next few days/weeks.
A few references:
AbbVie buying Allergan - stock closed down 15%
Salesforce buying Tableau - stock closed down 3% (but it hasn't dropped further)
$TREP Huge Revenues and Net Profits for 2018 TBA SoonIn 2017 Financials were $8 Million in Total Revenue, Gross Profit was over $3.2 Million and Net Profits were $602K.
$TREP Does not dilute and does not convert
$TREP has Total Revenue of $6.9 Million in the first 9 months of 2018.
$TREP being a PEO has Prepaid Workers compensation Assets of $19.9 million.
$TREP Total Assets are $21,884,236
I do believe the company will be releasing a shareholder update very soon on its operations and future goals for this year. The chart is starting to also show a slow and steady uptrend.
$CYBF Cont's Up - Acquisition of Just Content N Vivio Rebranding$CYBF Has consolidated from its highs of .89 last month after the massive shareholder update listing several upcoming catalysts for the company. Namely the Acquisition of Just Content Software and the Rebranding of the Vivio App. The Cyber-fort Twitter has been very active and the company is working behind the scenes to get everything done. I anticipate major updates on its upcoming business goals in the next month most likely the middle of January next year. In anticipation of this I also anticipate the PPS to increase from here to around $1.00 by the time anything major is announced. At the current PPS this is a steal imo and close eyes should be kept on the company for further updates as the year draws to a close.
$CYBF Thins Out and Breaks out on 2nd Leg Up PT $1.15$CYBF Which has been trending sideways nicely for the last week or two of consolidation, has begun pushing back upwards to the breakout level over $1.00 following its shareholder update and uplistment news. $CYBF which is in a major cyber-security field anticipates major growth over the coming months and many updates for shareholders.
$CYBF Announces Plans to Uplist to the OTCQB by Early Next Year
SAN FRANCISCO, CA / ACCESSWIRE / November 19, 2018 / Cyberfort Software, Inc. (OTC PINK: CYBF), a cybersecurity technology company, today announces that it will apply for uplisting to the OTCQB® Venture Market in the first quarter of 2019.
"Trading on the OTCQB will be another important milestone for CYBF and a key step in expanding our financial communication program. Uplisting from the Pink Sheets will help us provide greater transparency to existing and prospective shareholders while growing our exposure to a broader investing audience," stated CYBF CEO Daniel Cattlin.
As a verified market with efficient access to U.S. investors, OTCQB is an established public market that helps companies build shareholder value while working to enhance liquidity and achieve fair valuation. Among other advantages, OTCQB increases transparency, reporting standards, and compliance requirements.
CYBF is currently fulfilling OTC Markets' uplisting requirements and has completed the annual verification and management certification process, as well as a full audit of all financial records for the prior two years of operations.
"These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. We are looking forward to starting the year off on a high note," added Cattlin.
finance.yahoo.com
$CYBF Up 300% On Major Shareholder Update about its ServicesCyberFort Software issued a shareholder update today suggesting 5 major upcoming events:
finance.yahoo.com
1. Purchase Agreement: Acquisition of Just Content Software. Available on iTunes: www.globenewswire.com
A Multi Platform Ad blocking and content filter App.
2. Just Content App Update: Upon acquisition of the Just Content App, the Company will update the software for seamless integration with the new iOS 12 and OS X Mojave.
3. Vivio Rebranding: Cyberfort is updating and rebranding Vivio to include a new operating code to enable a faster, cleaner web experience. It will also give individuals the power to create their own whitelists (a list of websites authorized by the user to serve ads) as well as choose from new lists developed by Cyberfort. The updates build on the existing efficiency of Vivio, which saves 38% data traffic and reduces resource load by 58%, making overall browsing experience 30% faster (www.cyberfortsoftware.com).
4. OTCQB Uplistment: In fulfilling OTC Markets’ uplisting requirements, Cyberfort will successfully completed an annual verification and management certification process, as well as completed a full audit of all financial records for the prior two years of operations.
5. Social Media: Cyberfort is launching its Facebook and Twitter accounts to interact with customers and educate them on the latest trends in security software, content filtering, and ad blocking technology. These platforms will also provide the opportunity for consumer feedback and real-time communication
RPD - Cybersecurity retestRPD
FEYE
Retest of recent low. Big boys taking and thrashing out more sellers.
Twilio - entry at 63.44-63.50 areaTWLO TWLO has been oversold and great day momentum trade. Looking for resistance below current price around $63.50 area.
Market Cap is higher than Enterprise value, but the world is going to need more of what they offer....6.47B vs 6.1B.
VIX Rult #1
VIX Rule #2, don't forget Rule #1
VIX Just reminding you
About; Twilio Inc. offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company's platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs). Its Programmable Communications Cloud offers building blocks that enable its customers to build what they need. Its Programmable Communications Cloud includes Programmable Voice, Programmable Messaging, Programmable Video and Use Case APIs. The Super Network is its software layer that allows its customers' software to communicate with connected devices globally. It interconnects with communications networks around the world. Recently partnered to provide narrow-band IoT for lower cost cellular services.
Recently acquired SendGrid
When will bigdata give positive earnings, think Google turning profitable...
$BYOC Bounces off Support and 50MA and Pushes Upwards + Uplstmnt$BYOC Has successfully bounced off support and the 50MA several times guaranteeing the bottom for this next leg up in anticipation of the upcoming OTCQB uplistment. In addition to the uplistment the closing of the first Acquisition of Service 500 and several other factors.
Support level 786 fibs - swing up on the cardsNewsflow to come from Falanx
we should hold around this level and swing up on next move.
several times we retrace to around 786 fibs.
A great swing trade.
Fireeye C&H patternNASDAQ:FEYE is forming a beautiful cup and handle pattern. Go long after breakout.
Cybersecurity will be one of the biggest trends in the coming years so this could also be a nice long term opportunity.
In the short term this is certainly a nice pattern that offers opportunities.
Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to
the stock's decline.
The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world.
Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as:
1) Descending Triangle
2) Symmetric Triangle
The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out.
If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in.
Happy Trading!!!
