We are looking at CRWD for the next big continuation down We have already booked over 300%+ from CRWD on the first leg down shorting from 220 to sub 160.
Now we are looking for a pull back into the 170s or low 180s, ideal to continue short.
There is a TON of bearish momentum on this play so there may be a early dynamic entry to secure positions however we are looking for 3-4 month contract to first take CRWD down to $120 but ultimately sub 100 around the $90 mark.
Keep this one on your watch list, one of our favorite shorts for the year!
We are staring at a Big Head and Shoulders bearish pattern with a Bear Flag to lead into the break.
Looking at Volume we have confluence there as we started to "dry" up towards the top and activity increased during the B corrective waive and failed to make a NH. (New High)
Monthly charts are just as bearish as were looking at a huge bearish continuation bar with last months close.
Looking at the A, B, C move. The C leg takes us to our destinations which also agrees with the projections from the head and shoulders pattern.
We have earnings in June which may take us to our destination much quicker than the 3-4 month contract we are looking for but we are securing extra time to ensure we get there.
Very Similar move to UPST we called to perfection. We have the link to that idea provided.
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We are actively shorting CRWD
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Still holding puts on CRWD. Didnt get the sell down as expected but looking to add some new positions soon.
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added a few more contracts to our CRWD with the anticipated 175/180 pull back headed into earnings
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Still holding CRWD and anticipating the big sell down
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CRWD been a bummer. Been in a long corrective phase. Targets of 90-100 still in play
With any market rebound I think CRWD goes to somewhere between 180-200. Are you still thinking in similar terms?
Thecontrariandaily
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@Zhenka777, I really like 175-180. Looking at the larger timeframes I dont think we will retrace that high. definitely something to look for when we start to get to those levels.