Long CRWD (bullish div + reversal candle at support)Long Crowdstrike
Bullish RSI div
H4 Insillico reversal candle printed
Downtrend support below
CRWD trade ideas
Bullish Falling Wedge on CRWDShort term bullish bias based on falling wedge continuation play. Ideal price target after confirmed breakout ~260. Please see the chart for more details but essentially, we have a nice bullish consolidation pattern here and within the pattern on supply and demand retests we are already seeing buyers showing relative strength vs sellers which bodes well for a breakout and a strong potential move topside.
Antares Data: CRDW Buyer Momentum SlowdownAntares Data Lab on CRWD
2024 will continue to be the year for companies to invest in their cybersecurity, with CrowdStrike leading the market in this industry. Following a rise since the low on October 27, CRWD experienced upward momentum until the earnings announcement. A week of consolidation provided buyers with a chance to catch their breath and gather strength for another push higher, buoyed by a strong earnings report. However, the current market appears to be excessively extended, and bullish investors are starting to feel the pressure from the sell side.
The first alert was generated today: Sell.
1st Target: 230.59 - Probability: 40%
2nd Target: 215.88 - Probability: 27%
3rd Target: 207.36 - Probability: > 10%
This sell signal suggests a potential pullback. Achieving any of the targets may recapture the attention of bullish investors
CrowdStrike (NASDAQ: CRWD) Leaps After Solid Q3 EarningsCybersecurity group CrowdStrike says its on target to reach $10 billion in annual recurring revenues over the next five to seven years.
CrowdStrike (NASDAQ: CRWD) - shares jumped higher in early Wednesday trading after the cybersecurity group posted better-than-expected third quarter earnings paired with a solid-near term sales outlook.
CrowdStrike said current quarter revenues would likely range between $836.6 million to $840 million, nudging just ahead of Street forecasts, with annual recurring revenue (ARR), a key performance metric for tech services companies, pegged at $3.15 billion.
Investors were also impressed with the group's potential to grow revenues from small and medium-sized business through new product launches on Amazon (AMZN).
For the three months ending in October, CrowdStrike posted adjusted earnings of 82 cents per share, topping Street forecasts by around 8 cents, on revenues of $786 million, a tally the came in just ahead of estimates. Annual recurring revenue rose 13% from last year to a record $223 million.
CrowdStrike share were marked 6.8% higher in today's trading to change hands at $226.80 each, a move that would extend the stock's six-month gain to around 44% and value the Austin, Texas-based company at around $54.1 billion.
CRWD - US cybersecurity play If this market will find traction and have a follow-through day, I will bet on CRWD being one of the next up-cycle leaders.
IBD 94 Relative strength and 99 Composite and EPS ratings are markers of a superb company. The industry group is 35 out of 197. High double and triple quarter earnings growth and stable 40+ sales growth for 3 qrts in a row; with stable 35+ ROE; Up/Down volume of 1.5; double digits analyst estimates of 24/25 EPS growth and increasing number of institution last qrt... all these make me call this stock a perspective leader.
From the technical perspective, notice how well the stock price holds and builds the high-handle close to 2023 highs, while general index (line above) is in a downward momentum being almost 10% of the highs. Unfilled gap-up on 31Aug (green circle) is also a sign of strength to me.
I want the price to subside more in volatility to the right side of the handle, creating a tight 3-4% risk pivot and maybe an inside day before breaking out above 172 pivot. That would signal and ideal entry point for my strategy with very tight risk. Although if price decides not to wait and will proceed with definite move above 172 pivot with supportive volume and will be hesitant to buy/add to the position, expecting the price to move to next resistance 194-206 target area.
Trading thesis is wrong if price moves bellow: 157 area
CRWD LONG to $230CRWD | CrowdStrike Holdings, Inc.
CrowdStrike've just finished it's correction and is now above the MA 200.
Short term target: $230
Long term target: $492
Revenue grows steadily, yearly net income soon will become positive, cash grows, geographically diversified by operating revenue.
Closed CRWD trade at a profit of 12.5%We have closed our CRWD trade at a profit of 12.5%. The profit target has been reached and the stock if short-term overbought (RSI) which increases the risk for a short-term pullback.
When the stock is at the target profit, you have several options: a) close the full trade, b) close half of the trade and move the SL for the remaining half up to e.g. breakeven, c) move the SL up to e.g. breakeven and hold the stock for a larger move.
Here is the link to our updated portfolio:
www.tradingview.com
Bearish on CRWD.
As you can see here on the daily heikin ashi candlestick chart. We have touched a line of resistance 3 times. Now, I am waiting for a bounce off with high volume too look to swing shorts. #crwd #shorts #puts
$CRWD: Bulls crowding 190Crowdstrike saw an impressive break of 190 today and I suspect this action may continue. Good luck traders..
All set for 235?Its moving way from its weekly chart upwards. Looks like its going to meet 235 where it meets its weekly resistance. SL 175.
CRWD - Ready to bounce?CRWD - Ready to bounce?
Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA.
There are a few signs that CRWD could be ready to bounce from it's recent correction that started on 19th Oct:
1. Bullish divergence between price and RSI on its daily chart
2. An Inside bar last Friday that could signal the near term correction could be ending
I will long as soon as it crosses above last Friday's candle (inside bar) high @ 175.70 with an initial stop loss about $1 below its recent low @ $170.
Disclaimer:
This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important!
Take care and Good Luck!
CrowdStrike Pulls BackCrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher.
The first pattern on today’s chart is the bullish gap on August 31 after results and guidance beat estimates. A series of higher highs and higher lows followed, which may suggest a new uptrend is taking shape.
Second, the stock could now be trying to bounce slightly above the September 11 high. Is old resistance becoming new support?
Third, the lower study includes our 2 MA Ratio custom script with the default settings of the 8- and 21-day exponential moving averages (EMAs). It’s been positive since early last month, meaning the fast EMA has remained above the slower EMA. That could also reflect prices climbing in the short term.
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CRWD presently testing significant long-term resistanceCrowdStrike Holdings Inc. (CRWD) presently testing significant long-term resistance, able to absorb monthly buying pressures.
From here, (CRWD) can fall lower to channel support, eliciting losses of 15% over the following 2 - 3 months.
A settlement below channel support would lead to a long-term sell signal in (CRWD) into 2024.
Inversely, a weekly settlement above shown resistance would place (CRWD) into a buy signal where gains of 20% is likely over the following 2 - 5 months.
crwd weekly timeframebreakout from wedge pattern and going up
its good investment for long term investment
CrowdStrike going up!A bit unusual for me to try and make a idea about a specific stock, but here goes!
Crowdstrike has always been a darling for me and I have been in-and-out of the stock a couple of times, but this time im in it for the long run!
Clear upwards trend, with a nice couple of close support/resistance levels.
The current one we are at now from 168-169. Should go higher, based on their incredible earnings.
TP 1 - just above the 180-level, should be reached start-mid November and should hold that support.
TP 2 and 3 will be commented later!
Follow and keep track of the stock!
Good luck!
Crowdstrike Holdings Testing Support, Whats next?Hi guys! This is a Technical Analysis on Crowdstrike Holdings (CRWD) on the 1 Week Timeframe.
Since this is a WEEKLY chart, its important to note that the current candle is not yet confirmed and closes end of trading Friday, 08/11/2023
Lets take our attention to the Orange circle highlighting current price action.
We have reached a critical SUPPORT zone.
A place where 2 SUPPORT levels converge
1. BLUE LINE - the 21 W EMA
2. BLACK SUPPORT TRENDLINE - 6 month support trend line
Currently we have "WICKED" or bounced from this convergence of supports.
It is crucial that we close this weeks candle ABOVE this zone.
Critical also to stay above the 21 W EMA, as doing so indicates BULLISH TREND.
Confirming BELOW would indicate BEARISH Trend.
*** If we see confirmation of SUPPORT
-> this can be an ENTRY ZONE for a potential trade/bounce back up.
*** How ever its a little too soon to tell
We are also currently BELOW another TRENDLINE thats labeled "Support turned RESISTANCE".
It be nice to see PRICE get ABOVE this, come end of week.
Notice also the RED CIRCLE that shows our REJECTION from a convergence of RESISTANCE.
Here we have 2:
1. being the ORANGE horizontal resistance line
2. Slanted BLACK LINE
Take a look also at the LARGE UPPER WICK and how multiple candles have LARGE UPPER WICKS.
This indicates SELL PRESSURE and that this area is a tough area to break to the UPSIDE.
It can give off further bearish momentum to the downside.
We also have GOLDEN CROSS of the:
1. 21 EMA
2. 50 SMA
BUt this alone is not enough for the BULLISH CASE.
We need to have price stay ABOVE for it not to be short lived and become a FAKEOUT.
Worst case scenario for now if we CANNOT maintain SUPPORT at our current area.
ANd we end up breaking below 21 EMA & 6 MONTH SUPPORT LINE.
Look to the 50 SMA as a SUPPORT level, it is currently pointed down so where ever it converged with price action at the time if a hypothetical price decline.
If that fails, look to the ORANGE " Previous Resistance Trend from TOP" line. That would actually be a wonderful zone, provided we maintain SUPPORT.
-> This would be another zone to enter POSITIONS for a trade.
Now lets take a look at our Indicators.
1. RSI -> We printed a Lower High, with RSI going BELOW the BLACK Moving Average.
If you look LEFT, there is evidence that when we do this, price tends to drop. So be alert.
2. STOCH RSI is also in the process of printing a BEARISH CROSS. If this happens BEARISH moment will enter, leading to the probability of further price DECLINE.
-> If you look LEFT, everytime we point down, it has coincided with price DECLINES.
3. MACD, with the printing of light GREEN histograms that are small in size, this also is an indication of waning of BULLISH momentum. If we see a CROSS between blue/orange lines where BLUE goes under the ORANGE -> this will lead to an injection of BEARish momentum and further price DECLINES.
CONCLUSION:
CRWD has reached a critical SUPPORT zone, for us to start our descent back to the all time highs we need to maintain SUPPORT here. Some signs point to bullishness where others give off signs of continuation of a DECLINE from our REJECTION zone. But the first thing that needs to get done is confirming SUPPORT above the mentioned zones. Important to see what price action and the indicators do come end of the week.
Stay tuned for more updates on CRWD in the near future.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
Bullish Signals for CRWDCRWD formed an inverted head and shoulder pattern in August 2023.
Price broke the neckline on high volume. Thereafter, a bullish flag pattern has resulted.
On 8 September 2023, CRWD broke above the high of 1 August.
CRWD has broken out of the rectangular formation in which it had been trading since May 2023.
Squeeze Momentum indicator has just fired (black dots have turn grey).
Overall, seems like beginning of a bullish trend lasting several weeks.
CRWD is on the verge of a Stage 1 breakoutCrowdStrike is in the cusp of breaking out of a Stage 1 base. Its currently slightly above the AVWAP from the peak in Nov 2021 with a new Relative Strength high compared to the SPX. It reported stellar numbers in the last quarter earnings with EPS growth of 106%.
Buy 115-125; sell 135-250Seeing some long-term trends aligning
BUY POINT:
Low from each prior shoulder of head and shoulders ~116
Long-term trendline support: ~105 today, but closer to ~115 by EOY
SELL POINT:
Prior head and shoulders neckline 136
Prior resistance around 150
CAUTION:
If we break ~116, it may not be until ~90 that we find support (head of prior head and shoulders
CRWD rising channelOn the chart we can see the rising channel. We expect the price break down.
Our entry would be at the breakout point or when the price retest previous support and confirms it has resistance.
Target is shown on the chart.
