$CRWD - Why technicals feel counterintuitiveCrowdstrike downs the internet, in partnership with MSFT, and both are also at a great buy point after being over bought. They tanked, and the recovery is already underway.
Absolutely perfect fib support.
Historical support at this level from big drops. Crazy volatile for a massive company.
Regression channel is broken, but the times that it has happened, it flies right back into the regression channel.
These are reversal grabs, risky, but combined with MSFT, CRWD is too big to fail.
Fundamentally, both are set to rise again, and this was a great entry poitn
Sorry to everyone who missed their flights
not trade advice
1CRWD trade ideas
CRWD - Crowdstrike, this looks similar. Crowdstrike has been demolished in recent session on the back of poor Cybersecurity news / IT OUTAGES.
This type of sell usually gets a dead cat bounce like we saw in December of 2021.
However this decline usually proceeds more selling.
Notice how price respected each Fib level, but it did challenge and pierce each Fib level, shaking out buyers and sellers.
Im eyeing a quick bounce soon but a move lower move we complete that bounce.
CRWD - large dump was foretold Monday 8th or July (as indicated on the chart), there was nothing that Crowdstrike as a company could do wrong. The stock had rallied to new all time highs in the market. Little did anyone know that 11 days later they would cause the largest IT outage ever and their share price was about to get crushed. Or did they?
Im arguing here it was all the charts on 8th July due to hidden BEARISH DIVERGENCES. A whole 11 days before the event.
Let me explain. Crowdstrike had already had Bearish divergences on the RSI. This is evidenced by the stock price putting in higher highs and higher lows, whilst the RSI (bottom section) was putting in lower highs and lower lows. There harsh rejection at the white line 11 days before it’s black swan event. That was the exact it time to get out because the price was overdue a correction having gone on a long parabolic run.
So what to do now? Just look at how oversold were are on the RSI. Can a black swan event an opportunity? I’d certainly say so with this company, such is their importance, but they have caused a complete shift in the trend of its stock performance and thus we need to see a sign of strength now in the charts.
If you’re planning to trade it, play it safe, wait for a change in market structure before going long. The trend remains down for now but this is too late to short in my opinion. Im expecting a counter trend rally as the dust settler.
Keep an eye on this one, it’s volatility makes it a good instrument to trade.
Not financial advice, just telling you what I’m looking at for a potential trade. I certainly don’t recommend being a hero trying to catch a falling knife either. I’m waiting for key levels to be hit and reactions to suggest that the market structure has changed. . I’m always keeping a stop loss, entry and exit plans. Defining my risk, above all preserving my capital.
If you fail to plan, you are planning to fail.
3 Events to Watch: CrowdStrike, 25th Amendment, & US weather 3 Events to Watch: CrowdStrike, 25th Amendment, & US weather
CrowdStrike Oversold?
A widespread outage on Friday left computer screens blue, grounded flights, halted hotel check-ins, and disrupted freight deliveries, forcing businesses to revert to paper and pen.
The incident, allegedly triggered by an update from CrowdStrike (down ~12%), also affected Microsoft’s Windows (down 0.7%).
Running into the fire is Cathie Wood's ARK ETFs, with a significant acquisition of CrowdStrike valued at approximately $13.24 million, through ARKW and ARKF ETFs.
Biden Steps Aside
President Joe Biden announced today his decision to drop out of the 2024 presidential race, endorsing Vice President Kamala Harris as the Democratic Party’s nominee.
While Harris is poised to become the nominee, confirmation will come at the Democratic National Convention from August 19-22 in Chicago.
The key market-moving news from this event could hinge on Harris’s choice of running mate.
There is also speculation around the use of the 25th Amendment, which could theoretically see Biden removed from office early, though no officials have indicated such intentions.
US Natural Gas Futures Plummet
US natural gas futures plummeted over 10% to below $2.1/MMBtu last week, influenced by milder weather and reduced feedgas to LNG export plants. This price drop occurred despite expectations of a return to hot weather in late July and early August, which should increase demand for gas-fired electricity to power air conditioners. Meteorologists project near-normal temperatures across the Lower 48 states through July 25, with a hotter-than-normal trend anticipated through at least August 3.
CRWD Short IdeaCRWD is the talk of the town after last week's IT outage. It's still unclear what the full impact may be for some companies. I'm seeing a lot of bullish speculation, folks talking about how we should buy the dip because CRWD is so important it brought down the entire planet with one bug. I think that may be true, and I'm bullish on cyber security moving forward.
However, we can't ignore the technicals. It already broke its short-medium term uptrend, which happened well before the outage. This is a fairly important trend break, I don't think it's a good idea to be longing this thing at the moment. I'll want to see a reclaim of the uptrend before I'm convinced the sell off will be short lived. Which means it needs to get back above the $350-$360 area before I would say bulls have regained control.
For now, I'm looking for shorts on retest of some of these recent trends and support levels that broke to the downside.
CRWD - Surfed my way!If you are reading this today, then you should know why this has a spotlight right now, and if not well then just follow the chart!
To the left we see there was previous resistance moving down, later turned to support , and has acted as such. With today's news, I would expect a decline. I ultimately had first seen a possible Head and Shoulders form, or has been executed already, (Funny being the news that happened), and seeing price near our previous support makes me excited to see what plays out.
Did you think today's news affected the market this way? Or did you have other tools that gave you the same idea? Share your thoughts with a comment or private message. Let's enjoy the show!
Price Precedes News Examples - CRWD NKE TSLA BTCHad some more great price precedes news lately so I thought I'd share. I talk about this topic often because I believe in it and it is why I trade the way I do. I would hope I can help some people to view the market a bit differently than the majority of retail traders. If most people lose, why would you want to do what everyone else does?
CRWD dark signs even before the crisis today
1. Price below the Mid Channel in premarket on a weekly timeframe
2.MACD lines crossing down
3. MACD lines making a divergence with the price
4. MACD histogram going below the 0 line
5. Force Index going down
Pick and choose
If you want the indicator on my chart, send me a message.
Outage of World Wide Services – CrowdstrikeHello Traders,
The latest security update from the global cybersecurity giant caused a major service disruption today, Friday. This has affected globally such that companies like Microsoft, various stock exchanges, major banks, media companies, airports and airlines in Asia-Pacific, US and Europe; payment systems, supermarket services, emergency services and 911, etc. have been affected and have had to proceed to rollback the failed update on Windows servers. From the Australian opening to the European opening there have been disruptions in both stock markets. The London Stock Exchange has started its session with delays.
If we look at Crowdstrike's chart we can see how the firm has been climbing positions since October 2023. During this month of July, the firm has been falling to the previous resistance zone in the area of $343.05, it is possible that after today's security debacle its value will be affected at the American opening. Looking at the RSI currently at 35.14% which could lead to another correction and a possible return to the mean from 30% if we follow the technical thinking. The volume bell with a triple bell shape places the most traded area in the $150 zone, so we could anticipate a correction, before the search for new highs.
How far do you think the correction will affect? I look forward to your comments
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
$CRWD and $PANW on watch for breakout next weekThis past week was a strong momentum swing for the technology sector ( AMEX:XLK ) reaching all-time highs. The leading cybersecurity stocks NASDAQ:CRWD and NASDAQ:PANW broke highs in June and have been trading sideways ever since, setting up for another run at highs. We've seen good steady volume throughout the previous week, supporting a strong break to the upside. Remember that the Fed will be releasing CPI data next week which could destabilize overall market conditions. Another thing to note is that NASDAQ:QQQ is overextended and could be due for a pullback. Regardless of these conditions, if the technology sector continues to prevail next week, keep a close eye on these two stocks for breakouts.