HACK/SOXX 195m BB squeeze
Everyone remains focused on semis but I continue to think that cybersecurity is about to dramatically outperform. This ratio has continuously failed to make a lower low as the 0.2046 level holds as support. This looks like a strong base building here, ready for the big breakout potentially.
Now that the authorities are issuing subpoeanas and regulatory inquiries into OpenAI et al, there is likely to be increasing scrutiny on cybersecurity protocol for autonomous AI agent implementation. That is a massive tailwind for cybersecurity from a fundamental persepctive. And the technicals support that interpretation too imho.
HACK is on the verge of breaking above the ATR EMA multiple DTL finally. Patience will be rewarded here.