Crowdstrike Holdings On reversal watch $crwdAfter a 20% drop there could be reversal setting up.
Alert set for 7&12 SMA to cross for possible trend reversal
1CRWD trade ideas
How secured is the cyberworld today ?From fake news to scams and companies leakage of data and important information being hacked, the online world will faced increasing threats!
And I was thinking the more online and connected the world becomes, the more important is cybersecurity as there are experts that build things and also experts that destroy things as well. This dark side must be protected so that things can function properly.
I am bullish on this counter and wait for the right opportunity to nibble in small positions as it falls further.
CrowdStrike -Triangle BreakoutCrowdstrike is moving upwards as analyst DA Davidson upgrades to a fair value estimate of $75 from $58.
Coincidentally, we are breaking out of a triangle formation.
CRWD should pop higher?I like the look of CRWD here. It's been crawling along above the 8 sma for a while. Volume is increasing. I bet this pops higher soon.
Long CRWD - Exiting Complex Correction into Wave 3 CRWD has been in a squeeze-like range for roughly a month following the run up beginning mid-December. IMO it will exit the current expanding wedge and into Wave 3 with my PT at $73.46. Above $65 I'm long via calls. It could retest the bottom Trend Line before pushing higher. This is a well-known name and an increasingly institutionally-owned name. As always due your own due-dilligence!
Good retestHeld daily 20sma and breakout as support, if market moves higher this can be an excellent long with a great r/r
CRWD to See 30% Upside According to my model, crowdstrike could see 30% upside from here, as soon as mid February! I’ll be loading up between 43 and 53, but below 42 I would caution that there could be more downside.
DM or comment below for questions!
CRWD – Bullish Breakout, Bullish EMA Cross & 10WeekMAActively trading in CRWD. See entry details below.
Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com
Trade Entry
Jan. 10 Expiry - 54.5/57.5 Put Credit Spread.
Risk $120. Reward $180.
Credit of $1.80 or more. CRWD above $57.50 at expiry keeps entire $180 credit.
Exit at 50% profit or your risk tolerance. Keep if CRWD looks to be over $57.50 at expiry.
4 day hold.
Stops – $52.58 consider exit. Below $51.79 we lose the 10Week cross, exit for sure.
Chart Details
Flat bottom wedge is a bullish pattern.
Price has broken out bullish. Full bodied daily candle with small topping tail tells me price wants to go higher.
Bullish EMA cross on Daily view with 10WeekMA bullish price cross. This always provides positive returns on a weekly basis when both EMA and 10Week cross occur.
Gaps to fill up to $92.
Price will probably take breaks at previous resistance (pink lines $60 and $69).
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Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
$CRWD Reversal in Crowdstrike HoldingsThe stock had a very bullish close on Friday which set up today's beautiful breakout, the stock carries a heavy 17% short interest which has yet to feel the squeeze.
$66 is a very achievable target to the overall .36 Fibonacci retrace level.
Breaking outCrowdstrike
Breaking out of the triangle with big volume, lets see if it will maintain the gains througout the trading day
Crowdstrike Flag pattern Entry level $51.50 = Target price $51.00 = Stop loss $53.00
Monday could prove to be a very good day for the Cyber security stocks and CRWD has been a very active ticker in the options market on Friday.
2020 TurnaroundWith ARR coming in at 97% growth last quarter, Crowdstrike deserves the growth premium in my view. They have a leading position in their industry, and we have seen some solid volume support post most recent earnings. It looks to have been dragged down unfairly in the 2019 IPO wave, but the fundamentals tell a different story. Jumping into this one while sentiment is low.
CRWD - Investors are not too excitedIf investors were excited, it would have double bottomed by now? Therefore, I believe CRWD is in a bear flag. Room to go lower. In addition, the fundamentals are telling me this is still expensive.
Bearish for short term.
Bullish for long term.
