👀🚨SUNDAY WATCHLIST 12/27/20🚨👀
CRWD - Will definitely be keeping an eye on this one. Starting some consolidation the last 2 trading but is definitely one I can see continuing higher being a cyber security company following this recent breach. Will be looking for it to pull back a little to it’s MA’s or just stay in its current range. Will then look to play a continued breakout past its current high of 227.36 for some calls or enter at an MA bounce for test of high and potential breakout.
0A3N trade ideas
US Stock In Play: $CRWD (Crowdstrike Holdings Inc)$CRWD momentum remains at strength, closing with an intraday gain of +6.76% during a session with broad market weaknesses. $CRWD have attained a cumulative gain of +46.85% in this 2.5 weeks rally from the Bullish Ascending Triangle chart pattern breakout previously highlighted.
The last 3 days session was traded with an average transactional volume of 10 million shares per day, a phenomenal that was last witnessed on 2nd September 2020. Additionally, $CRWD have broken its all time peak historical volatility of $8.60, with price volatility at $9.83 currently.
The above suggest there will be further aggressive price action (bi-directional) to be expected from CRWD.
US Stock In Play: $CRWD (Crowdstrike Holdings Inc)$CRWD have successfully played out its Bullish Ascending Triangle chart pattern breakout, attaining a cumulative gain of +32.81% in this 2 weeks rally.
The closing session this morning was met with 15.26mil of transactional intraday volume, exceeding 315% of its average 50D volume at 4.45mil. Additionally, it is also observed that $CRWD is currently trading at its all time ATR-14 high, breaking the peak historical volatility of $8.60. The above suggest there will be further aggressive price action (bi-directional) to be expected from CRWD.
The immediate classical support to hold this accelerated rally is at $193.00.
CROWSTRIKE HOLDING Estimates Hello traders, CROWSTRIKE HOLDING is in a fake bearish movement with a candlestick and a strong sell volume executed at the end of the session. On the TIMEFRAME M1 we can see a hammer candle with a high volume of sales traded it goes on its last previous low. And turn around to go test big probability of breaking the VWAP then go to the top of the stabilization zone to test it. Then after the breakout we can see a breakout on the price to go to join a new stabilization zone.
And land on the next high for a reintegration of the bullish channel with the objective of once again starting at the top of the channel and leaving the channel in session.
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$CRWD Crowdstrike $177 Breakout target
Earnings Highlights =
CrowdStrike (NASDAQ:CRWD) shares gain 11.3% AH after Q3 beats with 86% Y/Y revenue growth to $232.46M. Subscription revenue was up 87% to $213.5M.
ARR totaled $907M vs. the $853.8M consensus. Net new ARR was $117M.
CrowdStrike added 1,186 net new subscription customers during the quarter.
Customers with four or more modules increased 61% Y/Y, five or more modules increased 44%, and six or more by 22%.
"We continued to drive operating leverage and record unit economics. As a result of our strong execution in the quarter, we reduced GAAP operating loss year-over-year, achieved non-GAAP operating profitability for the third consecutive quarter and generated positive operating and free cash flow for the fifth consecutive quarter," says CFO Burt Podbere.
For Q4, CrowdStrike forecasts revenue of $245.5-250.5M (consensus: $231.4M), adjusted operating income of $18.5-22.1M, and EPS of $0.08-0.09 (consensus: $0.01).
For 2021, CRWD sees revenue of $855-860M, operating income of $46.4-50M, and EPS of $0.21-0.22.
Source Seeking Alpha
Crowdstrike still trying to breakoutCrowdStrike ( CRWD ) made a ~50% retracement off highs after last quarterly earnings reported declining sales acceleration and mediocre guidance. Sales is still up 84% YoY, which is awesome, but has steadily decelerated since Oct 2018 when it was up 149%.
After the retracement, the stock climbed back up to make a new high before falling back once again to the same support area at the 50% retracement .
A double-bottom formed, but the pivot (middle high) was not confirmed by higher volume . However, you could look at the previous all-time high as a new pivot and look for volume to confirm. It would likely come after a better-than-expected earnings result (with hopefully an acceleration in sales).
The 10d ATR (x2.7) stop is at 10.55%, but I'd use a tighter technical stop at the previous pivot of 144.29. The tight stop is more likely to fail, but if it falls back to that point its better to cut losses short as something is wrong. But the tighter stop lets you use a position size of R16.03. Adjust R based on your confidence level, how much you are willing to lose when the crowd strikes back (sorry).
Buy Point: 153.90
Stop Loss: 144.29 (6.24%)
Position Size: R16.03
CRWD potential breakout Be disciplined, only buy the breakout.
I may only do day trades on this one this week.
Buy the breakout, watch it closely, take profits when it reverses, repeat.
I wont hold into earnings which is this Friday, if it pans out as a swing trade, I would sell the weekly's on Thursday.
I may not enter this position at all, depends on the weekly call option prices on Monday.