CRDO continuation after small consolidation Looks like the MACD could be turning back up with stock breaking out of consolidation. The sector is still pretty hot.
CRDO/N trade ideas
Trading JournalTerrible add point,
market overextended, likely to come down.
Extended above the 10 ema the stock itself, no point to add but added ( resulted in loss)
CRDO- Channel breakout given at 20. It will again aim for 22 CRDO- Channel breakout given at 20. It will again aim for 22.
If sustain above 22 then it will go for 22.5 and 27 in coming sessions
Watchlist 2023-02-15 #SHOP #CRDO #DVN #NU #TOSTSPY made an attempt to breakout of the weekly bullish flag yesterday but failed, closed below PD high, and now gapping down. Bears seem to be in control for the short-term following the slight hot CPI umber. Slightly bearish bias today but need to start closing below PD low for confirmation.
SHOP - traded shop at the close yesterday and saw some large order flow buying on the offer. This could be indicating a positive outlook for earnings after close. Preparing for a retest of the HVN at 50 for a gap n go today.
CRDO - gapping down 9 ATRs trading it's average vol in the PM! Traded to the key pivot at 9.40. This is a significant watch. If we get below the pivot and quickly reclaim, this could be a capitulation long. However, every holder would want out of this name so expect some downside first.
DVN - gapping below the key 59.30 pivot below the 200 EMA on earnings miss. Also breaking the trendline support (not huge value in this but notable). If the tape stays weak there is room to 56.50 as it's 2 ATRs away.
NU - Reports Qtrly Adjusted Net Income $113.8 Million Versus $3.2 Million As Reported Last Year. Spready in the PM and has already trading to the key 5.50 level. If it can't get below 5.30, there is an opportunity to but at the lower end of the range with low risk and wait for a potential breakout.
TOST - another very bullish daily buy setup gapping over the weekly pivot, above the 200 MA and a very clear void. Watch momo here as it also reports after the close. No vol PM so it's a wait and see.
Other watches: TSM, RBLX
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts
CRDO - Credo Technology GroupOn my focus list heading into next week. Need to see a volume surge as price moves thru the 15.41 pivot level.
Market internals are very strong, breakouts have been sticking, indexes moving to key levels and holding up nicely. Set up for a potential bull run.
CRDO - Gorgeous set upthis chart needs no explanation. Overhead trendline resistance test in progress. That should create another pivot for eventual breakout. Likely candidate for a run later in the year.
crdo CRDO looking interesting here if market is behind us... have to wait and see... not been doing much.. most bo been failing....
CRDO in consolidation since IPO! whats next?now it may finally breakout, watching for break of 16.54 for confirmation, after that we can target 23.49-30-38.37
CRDO - crossing key pivot levelsBreaking key pivot levels on increased volume
looking for test and break above all time high of $18
for potentially explosive move
$CRDO Resetting in Its Base$CRDO trying to reset again.
I like that mini head and shoulders bottom in this base its trying to build.
$CRDO building that PivotLet's see if $CRDO can continue to build this right side pivot (orange bars).
CREDO long ideaContinuation flag. Waiting from break out the flag pattern. Will enter on confirmation once the high of breakout candle is broken. Stop atm is around 11.50. Profit Target 1 then move stop to break even. Allow to run to profit target 2.
$CRDO Potential Cheat Setup$CRDO was a stock that I traded and posted about that setup here 6 days into its IPO.
Getting back on my radar with that down trend break and potential cheat it is building.
52% deep base, so would like to see this tighten up around that $13.50 level (orange bars)
$CRDO ready to move higher after a great ER?* New IPO with a strong up trend even in this market
* Great earnings report
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 2.62
* Relative Strength vs. SP500: 4.18
* U/D Ratio: 1.07
* Base Depth: 28.05%
* Distance from breakout buy point: 0.31%
* Volume 66.03% above its 15 day average.
* Bullish candle with high volume with a great ER
Trade Idea:
* Now's a great time to enter as the price is just above the breakout level.
$CRDO Impressive IPO Strength$CRDO impressive IPO. How many looking this good in this type of market?
I normally like to wait for more than 8 days but defiantly grabbing my attention.
Haven't seen this catching fire on Fintwit yet.
