Cybersecurity stock looking bullish ! Is this a concern ?
- What I'm trying to show here is the price falling to the same support level with the same deadcat bounce type of behavior on a RSI divergence
- If this fractal plays out again, it could mean a big spike in this stock in the next 1-2 weeks.
- With all the talks of cyber risk going on, the markets will NOT like any sort of "black swan" event
The reason I feel like this stock only goes higher from here is because its at its trendline support and has completed its elliot wave 1 & 2 so a massive wave 3 could be starting now (see below)
- If this fractal plays out again, it could mean a big spike in this stock in the next 1-2 weeks.
- With all the talks of cyber risk going on, the markets will NOT like any sort of "black swan" event
The reason I feel like this stock only goes higher from here is because its at its trendline support and has completed its elliot wave 1 & 2 so a massive wave 3 could be starting now (see below)