Symmetrical TriangleEarnings 8-4 BMO Symmetrical Triangles can go either way
Cybr does not miss earnings often. Does not mean anything as a stock can go down with an earnings beat as we all know
Broken from S Triangle but appears to be pulling back right now. Short interest a bit higher that I like.
Not a recommendation
No rising wedges noted
CYBR trade ideas
CBYRLike the space. Everything moved to cloud and online in many industries. Makes me believe that cyber spend is increasing over this all to protect the newly housed data. This one may be beneficiary. Hats the thesis. Needs time to breathe and play out. But R/R and outlook are supportive of a trade here.
Buy Cyberark - on rising cybercrime during covidCybersecurity firm Fortinet rose 20% to record high yesterday after Q1, due to home office tailwind.
- Another stock in the space is Cyberark (CYBR), and is still 40% off the highs.
- Leader in protecting privileged account (admin acc) that holds key to all companies sensitive data, and is the target of most cyber attacks.
- No direct link to home office, but cybercrime has increased drastically since covid
- 2019 was record year, but they gave weak guidance.. which already tempered 2020 expectation (EPS estimated down24%)
- Q1 release is on May 13th..an upside surprise could lead significant re-rating of the stock
- Technically broke out of double bottom, target 120, then 140, stop at 94.90
CYBERARK SOFTWARE: The Underdog of the CybersecurityCyberArk is a smallcap security company offering Privileged Account Security ( e.g. financial services, energy, retail, healthcare).
Cause of the Covid19-Crash the Cybersecurity section crushed down to -33% but we are seeing fast recovery in the Cyber Sector recording to the First Trust NASDAQ Cybersecurity ETF (Blue Line).
I expect that Cyberark is going to have a big bound upwards. Your Christian S.
2 different trading techniques pointing to the same outcomeRemarkably, there are two very good reasons to believe that this shattered and oversold blue chip stock may double in the coming months.
1. Price is comfortably inside the pitchfork, meaning that a break of the median line gives it an 80 percent chance of hitting the top of the pitchfork.
2. If the downward channel (Yellow) is represented accurately - a yet unproven scenario - a break of that channel would also double the price.
That gives us a target of $180.00
CYBR - Correction to 70 before us ?(weekly)In blue you see the Elliott waves of my "daily degree". (Dont know, which offical EW degree that is; it is just my daily focus of interest.) In white we see the EW on the next higher degree (called "weekly" here).
CYBR in the past oftenly retraced with earnings, but usally recocered in a few days. - This can change this time dramatically: As you you see, the last daily abc reaction formed the "a" leg of an abc of a possible weekly flat. A c with an 1,4 fib retracement of the a (which is quite common) could lead the price back to the 70s region - 40 % down from here - .
Idea: In green you see important confluence zones of the CYBR Chart. (I must warn, that due to time out problems of TV server my confluence script can only base on daily resolution as maximum; calculated weekly confluence zones may differ.) The lowest line is 4% lower than actual price. I suggest to take this border as signal for sorting or selling.
kind regards and successful trading
yoxxx
CYBR - It's Up from HereCyber security stocks are on the rise. Did you see my post on CRWD? BOOM! I will wait for a daily close outside of the downward trendline and ADD to my current position. I will hold as long as the green TL is holding.
Thank you for your likes and most importantly, your FOLLOW :) DM or use the comments below with questions or comments. Cheers!
CYBR - Cyber security shares getting some colourIsraeli cyber security Cyberark published a solid 3rd quarter in early november and has since reverced the trend.
Weekly above cloud.
Breach 120 resistance then pulled back, providing buying opportunity. risk 5% for 20%+ upside.
watch for a positive reading on daily MACD for confirmation