1CRWD trade ideas
CRWD corrective pattern above ATH. Hello guys! Welcome to another idea on Stocks. Today we will be analyzing CRWD in a very straightforward way.
Let's start with the important elements of the chart:
a) The price is inside an ascending channel. That's our macrostructure
b) After a top on February 2021, the price could not go through that level again. Until Jun where we had a breakout.
c) As you can see now, the price is making a corrective formation above the previous ATH in the resistance zone.
d) The current pattern is a triangle, where "E," the 5th wave, is almost finished.
e) Ok, where is the activation level for this view? We have defined a green horizontal line where if the price reaches it, we will consider that the stock has the potential to go towards the higher zone of the ascending channel (that's our macrostructure)
f) Let's assume the vision is activated; our cancelation level is below the triangle pattern. There we will consider that our view was wrong, and we need to recalculate. However, if the price never reaches the activation level and keeps falling below the triangle pattern, we will consider that our view didn't proceed as expected, and we change our perspective.
g) How sure you are about this analysis? Like flipping a coin, remember technical analysis is a statistical discipline where you NEVER EVER will know with certainty what will happen. However, you can work on your average win 50% and develop 1 : 2 setups around there.
Thanks for reading, guys!
Bullish breakNASDAQ:CRWD
$CRWD
Nice break into ATHS yesterday. Forming a big rising wedge but I am bullish to 285.
No near term earnings but should benefit from tech earnings W/O the juice.
Crowd So we had a breakdown and then managed to regain back inside the wedge. I’m glad I took profits down in the 250 range,
However it has reached in my veiw the maximum target for this wedge idea anyways. If this stands true, 273 would
Be too and we are nearing of this wedge here. If it has a bullish breakout, then it’ll be looking at targets up in the 330$ range. I believe this wedge will play out, losing 261-262 support would be mostlikely the wedge idea starting to play out. There isn’t much time left in this pattern
Crowd Slow moving but it’s still getting ready for another drop. Still under rising wedge support. First drop was to 242 second drop might bring us to that same support. Either way lookinf for another drop as we backtest this breakdown as confirmed resiatnce
Weekly Outlook! 7/19 - 7/23Here is what we are watching for this next week!
NYSE:DASH
Dash we are seeing a nice bounce at the .382 FIB level.
We'll be looking to take a position on a move over $170 or under $164
NASDAQ:EA
Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is trending upwards
NASDAQ:FB
FB we are looking to play some continued momentum to the down side and look for a move under $340
NASDAQ:ZM
Very similar to DASH in that we've bounced off of previous resistance and the .382 FIB level. We are looking to take a move over $366 and under $354
NASDAQ:CRWD
CRWD is also sitting at long term trend support, we are looking to take a move over $254 and under $247
Crowdstrike Opened my short at 262 closed it at 149 as I discussed 150 being a level. Made 150% return. I’m looking to open a new one here soon as we have broken support of rising wedge. We are now using that support lone as reistance. Confirmed breakdown. Target 221. Support 230-227. Lettts go
CrowdSo I loaded up on puts on crowd strike just like I mentioned in my post a few days or last week. So far I’m a pretty decent amount I am going to be watching closely as we reach the 250 but this is gonna be some pretty strong support however I see a massive rising wedge and if we lose the 250 and start making it resistance this could be a pretty brutal fall down to as low as 227
Crowd Massive rising wedge here I have been looking at. Loosing 258.80 would be pretty insane profitable short here support at 250 however 227$ is the targeted closing area
Long CRWD strong flag breakvery text book like Flag
- strong break up with high volume
- low volume consolidation
- slight pullback and hold above ATH (all time high)
- strong breakout with high volume
[Analysis] Crowdstrike (CRWD)(US)Making new highs!
Whether you choose to chase the price or are waiting for a retracement, there is two support that you should definitely watch out for!
1) 245
2) 220 - 200, this is more a zone.
Your stop-loss price will have to be base on either one of the support.
220-200 is the price range in which major consolidation occurs. I.e loads of demands!
Depending on your style of trades, there are a few ways you may go about this
1) Aggressive chase.
Chase this current breakout. Stoploss is set below the current support of 245. This is an aggressive play. You are hoping that price will rally further and are not looking for a retrace.
Pros: You're in the trade. You will not miss the if it continues to run.
Cons: You are prone to be stopped out by a retracement. Hence the stop loss ensures you will still be in the trade, albeit at a higher price.
Given the nature of the breakout, this is most likely the best play. However, ensure your risk management can stomach a drop to 245
2) Conservative approach
Wait for the price to retrace back to 245 then enter. A slightly conservative play. You are hoping that sellers are still lurking around to push down the price.
Pros: You will be able to get a better price. Your risk/reward will be much higher
Cons: Miss the trade if it does not retrace.
3) Hybrid approach
Split your entry into two batches. Chase with one batch. Wait for a retrace to 245 with the other batch.
Pros: Best of both worlds.
Cons: Won't be as profitable as either 1 or 2. Twice the commission
This is a more balanced approach. My favorite approach.
4) The Long shot.
Wait for the price to dive to 220-200.
Pros: The established major demand zone. There are bound to be buyers here. The best price.
Cons: Price might never go back there.
There is no best way to go about taking a position. Each option has its own pros and cons. Overall, this counter is a bullish uptrend. You, as a trader, should determine your style and the approach you should be taking. More importantly, you should prioritize taking care of your risks. Let the market worries about profit.
CRWDCRWD held the 251 level 3 times last week. CRWD needs to hold 251 to continue moving higher. I would like to see a break over 258 to go long.
Trade Idea: 262.5C. 7/2
The return of tech leadership? $CRWD is doing the VCP NASDAQ:CRWD looking good. Formming a volatility contraction pattern (VCP), price above 20d, 50d and 200d MA , better than expected earnings for the last 3 quarters and the sector is having a good relative strength against the market. So, now I'll be waiting for the breakout above $227 to entry.
Another thing worth mentioning is that its price earnings ratio (PER) is negative, this means that its earnings are far greater in relation of its stock price and need catching up, which is starting, that is a good sign.
CRWD follow-up from May 10th post about possible breakoutPrice action moved as predicted:
Strong bounce off of long-term trendline with breakout to new ATH's.
36% gain in 30 trading sessions.
$CRWD flag - long to 300 extended target, 250 initial$CRWD showing a beautiful symmetrical triangle setup. If you missed my $BNTX callout this is next to run hard and fast.
$PANW in their last ER admitted they are losing business to $CRWD which is growing at record pace.
Positions: 240/250c 6/18; 250/260c 7/16
