HUBC trade ideas
HUBC formed a nice chart patternToday market crashed, and came back. There were some great opportunities in the market, mostly bounce plays. HUBC is different. It has it's own agenda. Closed strong from a nice consolidation. Upside potential is good, and stop loss is around $0.70. Play accordingly. 2R is $1.28 and 3R is $1.49
Third attempt to catch the reversalThis cybersecurity cheap stock has been cheating me out two times so far hitting my SL.
After a bullish engulfing and hitting all the SLs below that it seems like the reversal is happening right here.
Always entering cheap stocks with low chips and using "doubling" strategy to cover the losses.
$HUBC Hub Cyber Security Ltd NASDAQ:HUBC Hub Cyber Security Ltd
entry 2.08-ish
Target PTs 4.30 --> 9 and higher
HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment. It also provides complementary trusted advisory and professional service facilitating cyber risk assessment, cyber risk mitigation, cyber incident response, quality reliability, and safety of critical systems. The company was founded in 2017 and is headquartered in Tel Aviv, Israel.
HUBCHi Folks,
HUBC start has drawn an orderly consolidation that was worth to be reviewed
• A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks.
• Orderly consolidation with higher lows & tightening range
• RDM, VCP
• Stock surfs the rising EMA 10 or the EMA 20
• Volumes are significative compared to previous phase
• Volumes dry up at the end of the consolidation
• Volumes are strong during the breakout
This is a short term graph, exit should be considered when crossing down the EMA10
HUBC to $.85 - 1.05HUBC has not been listed for long, so we don't have a strong chart history to go off of. However, they recently were awarded multiple cyber security contracts and cyber security typically performs ok.
I like the trading volume on this stock and I like the current 4HR bottom signals on Cipher B. I also bought .54, so from a RISK perspective I'm currently ok.
****It could continue to drop. However, based on the indicators I think it will run to .85ish or higher.
$HUBC is in Critically Undervalued Territory$HUBC has proven to be one of the highest trending stocks in March in terms of both trade volume as well as conversation volume for social retail investors. The company finally completed a nearly year-long SPAC deal with RNER, and commenced trading on NASDAQ on March 1st under its current symbol. Price action has seen its fair share of volatility since, with a couple days of >25M trade volume, trading halts, and a roller-coaster ride for current shareholders and potential investors alike. I've been following the ups and downs of the past few weeks and have been waiting for an opportunity to make a move. Here are some of the reasons why I think HUBC is mega undervalued and primed for a recovery:
1) Technicals: look at that chart. RSI is currently sitting around 35 (super undervalued), while MACD has marked a bullish histogram reversal last Wednesday, and seems poised for a bullish intercept of the signal lines next week. Meanwhile, recent short data shows that naked shorts have shamelessly been depressing HUBC share value. Putting these different factors together, HUBC is looking undervalued and on the brink of a bullish reversal. Keep an eye out.
2) Macro-global momentum. HUBC specializes in developing military-grade confidential computing solutions at the hardware, software, and consultancy & advisory levels. They have an A-list of current clients, ranging from European central banks to VISA to major insurance companies to defense contractors (Lockheed Martin) as well as the Pentagon itself. Pair this with the fact that the US Whitehouse recently announced a long-term strategy of heavy public sector investment in upgrading US cyber security capabilities, and HUB's deal flow over coming years looks all but secured. They also recently appointed an former Deputy Secretary at Department of Defense, John C. Rogers, to its board of advisors. The connections this guy will bring to the table in terms of potential defense deals is a game changer for HUB, and should help catalyze their penetration of the US market.
3) FUD. I've been watching HUBC's chart as well as conversation on finTwit and StockTwits over the past few weeks, and its a classic case of the market losing its head over an attractive new listing. Discord-group pumpers are out in force, and off-exchange volume and high SIR indicates that the hedge fund darkpools are having a field day with the hype around HUBC at the retail level. That said, 90% of the information I'm seeing swirling is either baseless or intended to scare. Look at the prospectus, look at the SEC filing, look at the company's history, and decide for yourself. My take is that this is a blue-chip cyber stock in the making that, with time and deal flow, has the potential to be the next CHKP or PANW.
On the basis of these points, HUBC is looking very attractive, particularly at its current share price of $1.30. This stock has definite long-term potential, and I for one intend on sticking around to see where this confidential computing disruptor is bound once the hype around the listing dies down. This is not financial advice, so DYOR and read the documents yourself. Yolo.