CYBR 1

3 Jan 2015

I have made 3 separate charts for CYBR. The goal is to look for key levels of support and resistance, momentum, and time frames from different perspectives. In this chart we see a retracement to the 0.618 Fibonacci line, plus additional support from November, which happens to be 0.618 on the timeline as well. The previous low of 35,90 is between the 0.618 and 0.50. My stop loss will be just under that, between 35.50 - 35.70 depending on how tight I want to play it.