CRWD – Bullish Breakout, Bullish EMA Cross & 10WeekMA
Actively trading in CRWD. See entry details below.
Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com/ne...etaliation-from-iran
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).
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Bullish pattern breakout with cyber-warfare benefits from Iran issue. www.bloomberg.com/ne...etaliation-from-iran
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).
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Trade active:
CRWD still looking good with small stall.
Technically the stop on CRWD is $51.69 - 10WeekMA
But this stop is 10% down, so this is unrealistic IMO.
I have faith here in 3 things:
1. Cyber security will benefit with any believed Iran action (real or not)
2. Iran cannot control themselves rationally. Country in constant turmoil, under watch.
3. Price is above 10WeekMA and Bullish EMA cross. This is money in bank 99% of time. Look at ANY chart. If you want indicators, let me know. :)
Technically the stop on CRWD is $51.69 - 10WeekMA
But this stop is 10% down, so this is unrealistic IMO.
I have faith here in 3 things:
1. Cyber security will benefit with any believed Iran action (real or not)
2. Iran cannot control themselves rationally. Country in constant turmoil, under watch.
3. Price is above 10WeekMA and Bullish EMA cross. This is money in bank 99% of time. Look at ANY chart. If you want indicators, let me know. :)
Trade closed: target reached:
Held for 2 days. 37.6% profit.
Opening order credit of $1.78. Close order $1.11.
Profit $67 for 3 day hold. :)
Just an example of how selling options which you think will expire worthless during a directional trade can provide fairly high returns in short time. I use small position size to keep account from any unforeseen circumstances.
Let me know if anyone has questions.
Opening order credit of $1.78. Close order $1.11.
Profit $67 for 3 day hold. :)
Just an example of how selling options which you think will expire worthless during a directional trade can provide fairly high returns in short time. I use small position size to keep account from any unforeseen circumstances.
Let me know if anyone has questions.