1/17/2017: cyber security update

In the new year of 2017, the cyber security was mentioned in several occurrences: Russia hack of US election; corporate security upgrade cycle, etc. There are some expectations of cyber security sector will do well in 2017. Let's take a look this sector from long term to short term. The first one definitely will be the ETF: HACK. The monthly chart showed good consolidation above 5, 8, 13 months EMA, ready to break out to run higher.

  http://schrts.co/9RzzAk

The weekly charts showed the price in a ascending triangle. It is also ready to break out the resistance level 28 to run higher.

  http://schrts.co/cxHWI2

The daily chart shows where to get in the ETF. 

http://schrts.co/bEr3bK

The next one is the one of leaders: palo alto network (PANW). The daily chart gives out short term resistances and possible running path. The 200 days MA is imminent resistance, if take it out, next target is $145, then $150.  If the price back down from from 200 days MA, it will look for lower price to get support first, $132.5 level is short term MAs confluence, it may get support there. 

http://schrts.co/gNRxhs

Another good one is CYBR. The daily price is in a big wedge with several level supports. The first support is around 49, second support is around 45~46 which I believe it is the best buy entry. 

http://schrts.co/HcD7he

The last one is CUDA. The price runs down today with broken down most short term MAs. The lower price is down the road. It may get support on the conjunction of uptrend trendline and privious breaking out trendline. 

http://schrts.co/M4GSal

In summary, the cyber security sector is good to pick for 2017. The most stocks are high and be ready for more price correction. Getting in with a good entry is the focus of this post.