Cyberark Software $CYBR has been in correction after failing to reach $150. CYBR Daily Chart(click to enlarge)Bearish Correction:- The bearish correction has dragged price from just above $148 to $110.- Note that price broke below a key support at $120, and then it turned into resistance. This is a bearish sign. - But price has already made a lower low after that bearish signal, so we should probably not put too much weight on this bearish signal (because the bearish swing could have already materialized).- At $110, price is testing the 200-day simple moving average (SMA).- Furthermore, the RSI is showing a bullish divergence with price. - This is a classic buy signal because the prevailing trend is bullish.- However, overall market sentiment could be a drag and could become a more significant price driver.- A break below $110 would suggest further downside towards $90-$100 area.