• Surfed Cyber Bay (CYBR)

    Surfed Cyber Bay (CYBR)

    Cyber Bay Corporation (CYBR), after breaking out from a bigger bullish reversal that resembles a complex rounding bottom or an asymmetrical inverted head and shoulders, had indeed reached its adjusted goal of Php0.80. In the next several days or weeks, however, the stock may temporarily soften. You see, its close proximity from its resistance at Php0.80 plus a presence of a bearish engulfing candle in its weekly setting may for the mean time lead it towards its support at its prior resistance at Php0.60.

    As to what technical factors led CYBR to reach Php0.80, kindly refer to our prior notes on the stock below.

    CYBR write-up from the Trading Edge Equity Advisor:

    June 21, 2016

    We are adjusting our technical goal for Cyber Bay Corporation (CYBR) as it already hit and even surpassed our initial target for it of Php0.66. Just recently, the stock has broken above its Php0.60 resistance on good volume. Given its rise above the said handle, CYBR may then aim for its next hurdle which is identified at Php0.77 to Php0.80.

    cyber bay corporation CYBR bullish reversal rounding bottom breakout 06.21.16

    CYBR write-up from the Trading Edge Equity Advisor:

    March 9, 2016

    Cyber Bay Corporation (CYBR)’s recent break from a typical bullish reversal pattern that is characterized with an establishment of higher low bases against a general downtrend has swung it to Php0.52 from just Php0.435 in just 2 days. From the way that it looks, though, it seems that the stock may still add on to its recent gains. This is due to the fact that it still managed to close near its day’s high on good supportive volume. Anyhow, its prior break from Php0.45 should eventually lead it towards its next notable resistance at Php0.60 to Php0.66. Meanwhile, a new support is now pegged at Php0.45.

    cyber bay corporation CYBR bullish reversal rounding bottom breakout 03.09.16

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