CRWD broke up both above its neckline @ 139 as well as it's 200 day moving averge on 18 May. Traded to a hgh of 162.25 before retracing all the way to retest it's neckine. It formed a mini pin bar right at the neckline, affirming that the neckline is now the "support" in the near term.
This is a 2nd opportunity to long if we had missed the breakup, with an initial stop loss just slightly below the neckine of $139.
Expect some resistences should it able to rise towards old supply zones around 167,181,195 and 205 etc).
Take partial profits and also trail stops up along the way according to one's risk appetite and trading style (short or longer term).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
This is a 2nd opportunity to long if we had missed the breakup, with an initial stop loss just slightly below the neckine of $139.
Expect some resistences should it able to rise towards old supply zones around 167,181,195 and 205 etc).
Take partial profits and also trail stops up along the way according to one's risk appetite and trading style (short or longer term).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!