CRWD is one of the stocks that are on my radar, but we can’t trade it right now. Why? Because it is sensitive to the Nasdaq, and if the index drops in the next days, probably CRWD will do it too.
I see the 227 as an important breakpoint, that could make the stock reach reasonable levels again, if it loses it.
See, the 227 was a top level before, and a support for CRWD. If lost, the 221 is the next stop for it, but I’m not entirely happy with the idea of buying CRWD at this level, especially because it still looks pretty overbought to me.
The 20ma in the daily chart is a better place, and I think it’ll hit there. When it does, it could give us a nice trading idea soon! Let’s keep our eyes on CRWD in the next few days, and watch out the 227 area in the 30min chart!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.