$CRWD: Strong Support at the 21-day EMACybersecurity equity valuations are soaring because people and investors realize that they will play an increasing role within company lives as we move further into the digitization of our economy.
Crowdstrike is an attractive investment mainly because of its rapidly increasing FCF and gross margins. Their ARR has also been rapid as they acquire new customers while maintaining relationships with existing customers.
Technically speaking, the 21-day EMA has acted as an excellent support/dip-buying opportunity on the weekly timeframe, as indicated by the chart. With the RSI gradually rising alongside this overall bullish trend, it is indicative of a strong upwards channel.
1CRWD trade ideas
CRWD AnalysisWorking through understanding various techniques to analyze stock. In this one, I think I’ve found a pretty solid buy line considering Crowdstrikes momentum. Obviously outside factors could impact that line, but their trend appears to be consistent. I plan on keeping an eye on this one and appreciate any other perspectives. How could this be better? Is there anything I’m missing?
$crwd - going down for 2 as expectedAs expected CRWD is pulling back for wave 2. I am going to take a starter position here w/ time (I wouldn't touch anything earlier than Jan). Def could still see more downside on this one, but I will risk accordingly and look to go full position if it heads lower.
Potential bottom spots: anywhere in this area or if we head lower then likely at the TL around 250.
Once bottom is found we should be seeing a wave 3 ripper to ATH well into the 300 range. If CRWD has topped (unlikely if market continues to rip), then it will not be extending in wave 5 and that means we could see a very very large pullback. Stop loss for me is downside break of the TL w/ volume confirmation.
CRWD - 10.24.2021CRWD broke out of a falling wedge pattern two weeks ago, now consolidating just under ATHs...
With momentum on the daily chart + bullish consolidation, we could see this break to ATHs...
Over 290 is the entry.
If near support breaks, a dip buy to EMAs would make sense for an ATH push in the coming weeks.
$CRWD $SQ $TEAM $NFLX I OptionsSwing WatchlistCRWD 4H I CRWD is still testing ATH levels near $290. Our scanners picked up more activity betting on a break to $310 before 11/19. CRWD average price target is $315.
SQ 4H I SQ filled the gap last week and the OS ALGO SQ $250 calls we highlighted on our watchlist went from $3.85 to $15.50! Or a 300%+ play! Seeing support near $250.
TEAM 2H I The OS ALGO TEAM $410c 10/22 contracts we highlighted last week ended up going deep ITM. TEAM is reporting earnings on 10/28 after hours.
NFLX 4H I NFLX outperformed the market after beating earnings. Its average price target is $677, and we are starting to see a bearish divergence on the RSI.
$CRWD - fav for next few monthsCRWD is another one of my favs going into EOY.
Right now it appears to me that it is working on starting primary wave 3 of Cycle wave V. For this count to be valid it must hold the 227 low. If that low breaks then likely cycle wave V has already completed and we could see a large retracement. short term PT 265+ if the market can play ball for us
CRWD: Possible 5 R/R ratio down side tradeCrowdstrike has had a good run up, about 800%, since covid19 low back in March 2020. Price is still contained within the long term up trendline, which means the uptrend is still intact.
From the Weekly chart, it has completed the 12345 impulse wave, and is now at A retracement.
Daily chart, it's currently pulling back to 4th wave and preparing for 5th wave selloff.
(We should be anticipating a Zigzag 5-3-5 pattern as well, and this will give us an ABC correction on the Weekly)
Entry: Look for price rejection at Supply Zone, around $266-270
Stop loss: Don't want to see it encroach too much into wave 1's territory i.e. $ above $275
Target profit 1: Demand Zone around $245
Target profit 2: Trendline support around $232
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
$CRWD TA / wave countThis one is looking very bullish to me, giving roblox a run for its money on what I like the best. Any dip here is a buy. I am seeing a wave 1 PT of 286 (this impulse takes crwd into mid 300's before market tops)
Bull signs: broadening flag break out at lower TL Support. MACD curling looking for bull cross. Above POC. 8EMA looking to cross 21 EMA and we are above the 50 sma. If the market cooperates we will be back near ATH soon
What i dont like: still gap beneath, market still seems like it could flush, and low volume.
With that being said if we go into a 7 swing correction (wxy) look for the gap fill and then go long from that spot because there will be one more leg higher going into year end / early next year. That is where I see the actual market top occurring.
Weekly Watchlist 9/20 - 9/24Here is what stocks we are watching for this week!
NASDAQ:NVDA
Currently range bounce with a support of $518. Will looks to take puts on a move under that 518 level.
NYSE:GS
Looking at a double top on the daily level. Looking to take puts under the $388 level
NASDAQ:CRWD
Clean bear flag showing on the daily chart. If we get more selling in tech this should see some nice downside on the break of $259.50
NYSE:SNAP
SNAP we are keeping on from last week's watchlist. Looking to take calls to the upside on a break of $76
Putting $CRWD stock into the box. My analysis Hi everyone!
Today we are taking a look at NASDAQ:CRWD stock price movement using my boxes as always.
Stock is holding itself in a solid uptrend channel.
Key levels:
Upside - 269, 289 .
Downside - 248, 239, 227 .
Remember !
Watch volume numbers at key levels and compare them with previous zone breakout numbers.
Overall very impressive performance for this growth stock over the last year.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.