CRWD continued supportAfter recently breaking out, CRWD cooled off a little and is currently testing last weeks high. Look for support around the 126 range. Further confirming the uptrend is a bullish head and shoulders. A break downwards could put CRWD back in the previous channel. If CRWD continues to continue follow the short term uptrend I would consider taking a medium term position at the 132 mark. I would set a stop loss at around 124. Look for an upper target of at least 140.
1CRWD trade ideas
$CRWD giving long entry signal into earnings$CRWD had a strong upward movement into the 120's but closed just above the 118.56 fib level at 118.64. If this holds it provides an aggressive entry, safe entry above Aug 26th high of 120. Stop loss below 116.24. Upwards it can see fib levels at 125.44 and 129.02 Note earnings are this week which will also inflate premiums.
CRWD Looking Weak for short term day trade.interesting candles look very similar in the rectangles Rsi high but pointing down after a long peak period. moving far above EMAs
cup and handle potentially forming long term.
BULLISH LONG TERM
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$CRWD ~ make or break candleI'm new to this, but testing out some theories.
Hot SaaS stocks cooled down last week after earnings -- even strong postings like $DDOG crashed. $CRWD's four hour candle needs to backtest and re-enter channel and nullify a possible H&S pattern, but risks dropping and filling Memorial Day gap around $87-88 where it will find strong volume support. If it re-enters channel, it opens up upside to $125-$127 in the next few weeks.
Finding a good setup on CRWD for a swing trade before earnings. SWING TRADE ON CROWDSTRIKE
Looking to enter this swing on CRWD on a pull back to $110 between the 10EMA and 20EMA on the Daily. It will be a re-test right above the neckline of that nice DOUBLE BOTTOM at new support (previous ATH).
Zooming into the Hourly chart to set stop loss that invalidates market structure for a move higher. MTFA for the win!
Daily:
Hourly: