After the announcement of buying cyber ark the stock took a major hit. We could see that buyers decided to step in at ~170, and the stock was trading around this price for several trading days and it is basing around that level. from here we could have a potential run up towards 190 for the up coming earning reports.
I think, that if the company decided to purchase cyberark for 20B, it is more likely that it had some success in the last quarter. therefore, I'm bullish on the stock.
losing 165-170 price level would be a negative sign, therefore stop should be placed bellow at ~163.
BZH
I think, that if the company decided to purchase cyberark for 20B, it is more likely that it had some success in the last quarter. therefore, I'm bullish on the stock.
losing 165-170 price level would be a negative sign, therefore stop should be placed bellow at ~163.
BZH
Hagai VInik
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Hagai VInik
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.