Here is an update on the HACK long idea that has not triggered yet.
HACK is now back down to its 50MA.
Its supply level is stable.
The Breakout Calculator indicates that Hack can be bought on a pullback to about $30.54
The sector MF however is still negative and does not show that a bounce will occur today. A sector buy signal will be issued when the MF will be crossing above the average line shown in black.
Except for VRSN and BLOX, two components of the HACK ETF, most other components display very poor pyramid data. Hence, more patience is required.
Below is a video about the Software security
https://www.youtube.com/watch?v=46ZnBCELqg0
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