$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.
1CRWD trade ideas
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:
$CRWD Crowdstrike Breakout Targets
Possible long on break above mid channel resistance @ $110 .
Upside Target $120 to 1.272 Fib expansion target.
$130 to supper trendline resistance and Fibonacci
resistance zone.
Stock has respected the trendlines since reversal.
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