I am all about cyber security in 2018 and beyond. I believe it is a critical component of a more digital world. However, the short-term outlook for a company like Cyberark $CYBR is not looking good. But that means, we might want to track the current bearish move and consider buying at a lower price.Cyberark (CYBR) Daily Chart(click to enlarge)Bearish:- Price action during the 2/6 session was resilient. We can see that price dipped to below 42, but quickly came back up to close the session around 42, which is where it started the session at. So it didn't really go anywhere on Tuesday.- The thing is, the overall market was bullish during the 2/6 session. So CYBR looks pretty weak relatively.- Furthermore, note that price is holding under the 200-day simple moving average .- The RSI held under 60. - Price movement in general since 2017 has been bearish.- Technical Analysis definitely suggests we should wait for a lower price if we want to buy CYBR.- There is a critical support around 32-33, but we might also see some buying around 40. But if price bounces up from 40 and fails to clear 44, then if it tests 40 again, I would anticipate a bearish break. - As we can see on the weekyl chart, there is a support at 40, then another one in the 32-33 area. CYBR Weekly Chart(click to enlarge)