FUN POST = This is a test to prove to TRAVIS that TA is real.I know nothing about this company, but my friend believes TA isn't helpful and I want to prove him wrong. So here's the chart: let's see what happens.
My chat with him:
"You can buy right now and know to sell if it drops below 71.50, then if it breaks 75 it's easily hitting 79, then prob 83, then maybe 86
If it break 71.50, the first support is 70, then the next support is 66.
Reverse Head and Shoulders, and Cup and Handle. Both are good. Both those formations are bullish.
The arrows represent the price targets based on the formations, while the fibonacci lines are major 'mental roadblocks' the market intrinsically has
So, on CRWD, if you like the company and believe it's worthy of an investment, you:
1 - Buy right now and hope it breaks above the neckline/cup and handle recent high of 75, with the price targets (25% of position out at each of those targets)
2 - Wait for it to break through the upper resistance of 75 and sell at those targets.
3 - Wait to see if it falls through the trend line of 71.50, and place 50% of your intended position size at 70, with the remaining 50% at 66.
TA doesn't work all the time, but it greatly improves your chances"
