Nov. 1 at 12:09 AM
$CYBN I want to shout from the rooftops how bullish this current setup is. I've been here since 2021 and haven't sold a single share. This company is what made me want to become a trader and learn technical analysis, and I got bagged very early and continued to DCA because I had 0 skills and 0 clue what I was doing. So this chart is one that I became intimately familiar with because it is what I was staring at most of the time trying to make sense of the technical analysis I was learning from scratch.
So with all that being said: We have the macro structure that price has been consolidating within for 4+ years (Descending Wedge). Every time it approached the top of the wedge previously it was smacked right down and the down trend consolidation continued. We have not only recently broken above the resistance, but we have spent several days consolidating above it. This is what happened with
$CMPS on a technical structural basis. Wedge > breakout. So CYBN is going to catch up to CMPS while CMPS takes next leg higher. I own positions in both just for transparency.
Notable recent events: Convertible Debenture Agreement (Doug) struck in June, first 50M tranche executed, some time later Doug steps down without explanation, stock tanks. Then consolidation. Recently the company announces a ~170M direct placement (dilutive) with explicitly stating that 50M of that money goes to paying off the unsecured tranche from the convertible debenture...the last big deal that Doug put together prior to stepping down. Make of that what you will.
Everything is in place. See you at
$14 by end of Q1 26
