Cup and Handle - Sip and chill
Updated
No need for a long explanation on why this is trading downwads, the largest IT outage in history sent the best performing Cyber Security company down back to earth. Does that make it a bad investment? Only time will tell, but it remains the best in breed company and in my opinion it's worth taking the risk.
I entered my trade in the golden fib pocket and I shall exit my trade at break even if the earnings call is bad tonight. But I remain hopeful that this was just a blip and CRWD will overcome this issue long term. So I will accumalate if we get an overreaction.
Tonight is that pivotal earnings report, along with other tech earnings including NVIDIA, so I expect a large move. Ideally i'd like to see it break out of the handle as confirmation of a breakout with higher prices to come. But the pressure of the recent debacle could potentially weight down on CRWD financials for the next couple of quarters.
Trade safe. Don't forget to manage risk!
I entered my trade in the golden fib pocket and I shall exit my trade at break even if the earnings call is bad tonight. But I remain hopeful that this was just a blip and CRWD will overcome this issue long term. So I will accumalate if we get an overreaction.
Tonight is that pivotal earnings report, along with other tech earnings including NVIDIA, so I expect a large move. Ideally i'd like to see it break out of the handle as confirmation of a breakout with higher prices to come. But the pressure of the recent debacle could potentially weight down on CRWD financials for the next couple of quarters.
Trade safe. Don't forget to manage risk!
Trade active
Opened another long at $255 and we are up already! BOOM
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