Thursday, February 25, 2010

STOCK UPDATE: CYBR

The month of February is almost ending and the only stock among those I have featured these month that did not move yet is CYBR. The other previous featured stocks (AP, URC, LIHC, and MRC) has already given most of us a huge amount of profit already.

So how about CYBR? Where is CYBR now?

To check our previous analysis of CYBR, click these link: CYBR Analysis dated February 7, 2010.

Here is the current status of CYBR in our weekly chart:


If my analysis is right the flag should be completed these week(These is based on average week a flag is completed). My other indicators which I have not shown here already tells that CYBR is already good for the taking. Let's hope CYBR won't fail us. (caveat)
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2 comments:

  1. AnonymousFebruary 26, 2010 at 8:10 AM

    i have found that flags with corrections beyond 38% of the pole will mostly dissapoint you if it breaks out of it, the better ones have corrections in the area of 23%+ or use fibonacci

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  2. epgariasFebruary 26, 2010 at 9:42 PM

    Thanks for the hint. I tried counter checking using fibonacci and it has already retraced near 50%. These is also the location of a major support line. Anyway, the other things that made me like CYBR are the readings from the Stochastics and RSI. Stochastic is already at the oversold area and waiting for the buy signal to be triggered. Then for RSI we are currently at the oversold level for an uptrending stock. Right now I only have a few shares of CYBR. Critical point to watch here is if the current support line will hold CYBR.

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