CRWD trade ideas
Long lower shadow candlestick pattern. SL: Daily close below 125I have been looking into mcad cross over buy signal as a potential entry signal but it has not been a reliable one. So will be exploring the long lower shadow candlestick pattern also called bullish hammer. It has a higher R:R ratio too.
Learn from my lossesNot going to lie guys, today I got killed. I took a short term call, expiring tomorrow on CRWD, with a 133 call price. I bought in at the 1.80 strike price and sold today for .35 here’s what you can learn from my mistakes:
never take a short term call. I know this one might seem obvious, but I got greedy. Instead of being the first to get there, before the breakout, I was first to get there before the sell off. I was stuck holding the bag because the option expires tomorrow.
Never bet your money that a stock will break out. As tempting as it is to be the first one to get there, on average you will make a lot more money by waiting for the breakout to be confirmed. This sometimes can even mean waiting for a retest of the previously broken trendline. The idea is to get there during the ensuing rally after the breakout.
do not day trade if you don’t have a high confidence level that the stock will go the direction you think it will. It is also not worth to trade against the trend. Always wait for an indication of which way the price is going.
If you got killed today, comment below with any lessons you might have learned.
CRWD impending breakoutAfter just having a failed retest at the top resistance line of the channel (which could have been a support line), CRWD is now hitting the roof of the channel again. The RSI is being tightly wedged between two trendlines; volatility is also contracting. From what I can tell there is high chance of breakout on this stock.
If I wanted a short term trade with a good chance of carrying out, I would wait for a breakout. This will be signaled by a big jump in volume on an up day. If the price hits the open of September 1st (above the 132 level) I would consider taking a short term position and taking profits if the price hits the close of September 2nd (142.50 level). We could also see a failed retest so I would set a stop loss around the current price, the 130 level.
$CRWD Crowdstrike Chart ReviewCRWD has retraced to the local Fib Golden pocket and has had a small unconvincing bounce.
20ma momentum indicator remains as vital support.
Bulls need to reclaim the $132 level as support.
Bears will look to break $124 setting up a test of $117-$114 once again for support.
Indicators remain bearish
Valuation is a issue.
CRWD breaks supportCRWD closed below the support line, back into the channel underneath. Expect a short term bearish outlook, until the price falls possibly to the 120 level. The RSI supports this position as it just broke downwards underneath the wedge. Pay special attention to the RSI and the next support line.
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.
$CRWD giving long entry signal into earnings$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.
Crowdstrike (CRWD)CRWD has been a beast since its March low. Its starting to break out after some consolidation. Earnings are this week. PT @ $145
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
i am not playing this but wanted to share because i love charting ideas.
Like if you find this info valuable or interesting!
CRWD Bull FlagLooking to buy at the bottom of the flag at $95 or when it breaks thru $113. Free money for all.
$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:
