CRWD at Critical Resistance – What's Next? Jan. 22Current Price Action:
* CRWD is trading at $366.20, nearing a significant resistance zone at $370, which aligns with the recent swing high.
* The stock is forming an ascending triangle pattern, signaling potential breakout opportunities.
* Immediate support is at $349.73, with stronger support at $335.73, based on previous demand zones.
MACD:
* Bullish momentum is slowing, with the MACD lines flattening and histogram bars reducing. This suggests potential consolidation or a pullback.
Stochastic RSI:
* Overbought conditions persist, with Stochastic RSI above 90, hinting at a possible short-term correction.
GEX Analysis (Options Data)
Key Levels:
* Resistance Levels:
* $370 (97.49% Call Wall) – This is a critical gamma resistance where heavy call options activity could limit upside momentum.
* $380 (69.19% GEX8) – Secondary resistance, signaling a strong barrier if the breakout above $370 occurs.
* Support Levels:
* $355 (HVL Zone) – Acts as a pivot for buyers to defend against further declines.
* $337.5 (15.35% 2nd Put Wall) and $330 (19.76% Put Support) – Strong downside supports based on put option activity.
Options Sentiment:
* IV Rank: 11.7, indicating relatively low implied volatility.
* Calls: 45.9% of open interest, showing a mildly bullish options bias.
* GEX (Gamma Exposure): Positive, signaling potential price support at current levels.
Trade Setups
Bullish Scenario:
* A breakout above $370 could see CRWD test $380 and potentially $385, especially if volume accompanies the move.
* Entry: $370.50
* Stop-Loss: $365
* Targets: $380, $385
Bearish Scenario:
* Failure to break above $370 could lead to a pullback toward $349.73 or lower.
* Entry: $365
* Stop-Loss: $370.50
* Targets: $355, $337.5
Outlook
CRWD is at a critical juncture. A breakout above $370 would signal bullish strength, but overbought conditions on Stochastic RSI suggest caution. Traders should watch for increased
volume on a breakout or a potential rejection at resistance for a pullback play.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risks effectively before trading.