Let's take a close look at the cybersecurity giant's charts.
We are seeing some positive clues.
With weakness in the broad market, here's what I would do.
My opinion has long been that I must be invested in cybersecurity regardless of valuation as demand for these services may not dwindle in my lifetime.
It may be better to wait and see how things develop.
This may still be a trade and not an investment.
Be prepared for further weakness in the weeks ahead.
It's time to raise stops a bit for shares of the cybersecurity giant.
And I'll likely be legging in from the short side.
Here's our trading stategy and price targets for the identity management software provider.