CRWD – Bullish Breakout, Bullish EMA Cross & 10WeekMAActively trading in CRWD. See entry details below.
Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com
Trade Entry
Jan. 10 Expiry - 54.5/57.5 Put Credit Spread.
Risk $120. Reward $180.
Credit of $1.80 or more. CRWD above $57.50 at expiry keeps entire $180 credit.
Exit at 50% profit or your risk tolerance. Keep if CRWD looks to be over $57.50 at expiry.
4 day hold.
Stops – $52.58 consider exit. Below $51.79 we lose the 10Week cross, exit for sure.
Chart Details
Flat bottom wedge is a bullish pattern.
Price has broken out bullish. Full bodied daily candle with small topping tail tells me price wants to go higher.
Bullish EMA cross on Daily view with 10WeekMA bullish price cross. This always provides positive returns on a weekly basis when both EMA and 10Week cross occur.
Gaps to fill up to $92.
Price will probably take breaks at previous resistance (pink lines $60 and $69).
About Me
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
