CIBR - Multi year cup and handle plus triangle break outIf Bullish - support your local WEF ;-)
Cyber security - companies have to spend money on this
WEF claims we will have cyber attacks in future big risk - hedge their view!
Cup and handle pattern where a triangle is the handle is very strong pattern
Ease into this trade make 10% on the triangle and let it run
Buy on any pull backs to the triangle if you are bullish
Stop just under the recent low in the triangle
CIBR trade ideas
First Trust NASDAQ Cybersecurity ETF (CIBR)CIBR witnessed a strong rebound after the violation of the major peak 56.30, as it violated the minor resistance level 56.84 by yesterday's session, then remaining above this level, will confirm the current uptrend, which will push CIBR to continue its rebound near 57.27 - 57.83 - 58.40 - 59.33.
The stop-loss lies below 56.15.
the indicators are heading towards the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
CIBR: Cybersecurity Stocks Surge Into Year EndIt has been a record year... for cyber extortion. Orange Cyberdefense data, detailed in a Bloomberg article this week, reveal that there have been four straight quarters of increased corporate victims of hacks and financial blackmails. Major recent cyberattacks include those on MGM Grand, Clorox, Boeing, and China’s ICBC just this year alone. It is all good news for companies engaged in protecting against the increasing threat of large-scale ransomware attacks, among other tech-based crimes.
While shares of CrowdStrike and Palo Alto Networks have been strong lately, investors can play the trend at a higher level through the First Trust NASDAQ Cybersecurity ETF (CIBR). The $5.9 billion fund has a moderate 0.60% expense ratio, and it pays a modest 0.3% dividend yield. The issuer notes that the portfolio’s price-to-earnings ratio is lofty at 27.7x, but Morningstar reports that the ETF’s long-term earnings growth rate is respectable near 10%. To boot, you also get some semiconductor chip exposure, too.
For traders, CIBR’s momentum has been off the charts lately. Up seven weeks in a row, the basket of cybersecurity names has risen from the low $40s to the mid- FWB:50S as we head into 2024. A key thematic play, with fundamental strength (see CrowdStrike’s earnings late last month), I see the potential for CIBR to continue to rally, though shares have historically consolidated over the first 10 weeks of the year. As it stands, I see support between $47 and $48 with another layer of potential buying activity coming into play at $43. On the upside, keep your eye on the November 2021 all-time high just shy of $57.
The ETF successfully held its rising 200-day moving average earlier this quarter, and the breakout through $47 projects a measured move price objective to $58 based on the rounded bottom formation from Q2 this year to the December near-term breakout. With a daily RSI north of 86, we could see CIBR cool off, but the broader trend remains constructive in my view, and new all-time highs are certainly in play over the coming weeks.
CIBR Cybersecurity: M-pattern may retest 0.618 pivot near 34CIBR seems to be making a M-pattern & is now at 39, a 50% retracement. If the yellow zone does not hold 39, then the next will be the 0.618 pivot support at 34 which is also a 200% retracement of the latest rally.
34 is also located near the base of my slanted FIB CHANNEL. 34 may be the bottom of the ABC correction & the start of a new 5 wave uptrend inside this FIB CHANNEL.
After this correction, Cybersecurity & Defense stocks should do well in these times of geo-political unrest.
Not trading advice
CIBR 2/11/2022CIBR
Enjoyed uptrend from May 2020 thru about Jan. 2022
Price has now formed a Head and Shoulders pattern with a breakdown to confirm
Price has now pulled back to neckline and is rejecting 50ema
Yesterday’s gravestone doji at resistance is my que to enter.
Entering short trade
Entry: 48.49
Stop loss: 51.00
Target : 41.00 – RR ration 2.98
cybersec stocks set to confirm eventual reversal (CIBR)cyber security stocks are like an insurance premium on data centers. the more sensitive the data, the more is paid in general securing it. this etf will do really well when tech is booming. tech should return soon, so cybersec sgould return soon. rsi is about to meet signal for the first time in more than a week. anchored vwap is flattening above price. qqe is long.
CRWD may continue to fall after earningsHow will ETFs and Portfolio managers respond to CRWD after earnings. It seems they have been stepping away lately.
Volume from the ETFs that hold the largest weightings of CRWD seem to be declining. Will be interesting to see if this predicts a drop after the earnings announcement.
V BottomCibr Is a Cybersecurity ETF
Top 10 Holdings
CRWD - CrowdStrike Holdings Inc Class A6.72%
AVGO - Broadcom Inc6.37%
SPLK - Splunk Inc6.29%
OKTA - Okta Inc A6.02%
CSCO - Cisco Systems Inc5.74%
NET - Cloudflare Inc3.64%
ZS - Zscaler Inc3.28%
AKAM - Akamai Technologies Inc2.98%
VMW - VMware Inc2.91%
FTNT - Fortinet Inc2.90%
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%