Grabbing CRWD long option at this level.
Multiple factors are setting the stage for nice upside move here.
-Overextended W pattern retesting support
-Holding the 50 EMA on the daily chart
-Strong demand for this current stock
Targeting a 10/20% option move in the coming days/ weeks
We are allowing plenty of time for this trade to play out.
Good luck, lets...
CrowdStrike Holdings, Inc. is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments. The firm's services include incident response services;...
CRWD. Notice those jabs down in price to take out the longs before heading higher (marked by arrows). I love to see those. To me, its to shake out as many weak hands as possible. My entry isnt the greatest, but I trade on the weekly chart. If it goes, it goes. If not, im out.
Earnings didn't entirely please analysts so it has been trading down ever since but that's folly in my opinion.
Fire-Eye is the best cybersecurity play in the Small-Mid cap range; Crowdstrike has gotten too far ahead of itself for me to be comfortable buying at those levels.
Go long FEYE
Short-term Price Target: $25
Mid-Point: $30. (sell...
QQQ broke the 20 day MA on Friday. Would love to see that level reclaimed for more upside in the market. Here are some levels I see for this week (note, these are intraday levels - not swing levels). Of course, this is just my opinion and I am not liable for your trading decisions.
INO calls over 13.1 or 13.7
Revisiting $ZS after our incredible first trade on it.
Now that we've established new highs, this opens some further targets for continuation.
Trend looks healthy - but I would like to see a pop above the pitchfork midline 👍
Invalidation under: 208.08
Leave some feedback below if you have any!
And don't forget to...
Is $CRWD ready for an $ABC correction to $195
CRWD is definitely a leader in its space but this run looks a bit extended and exhausted along with a potential corrective wave to $195.
Use options to define risk as premium paid.
Suggested options to use: Feb 5 Weeklies $200 put trading at $4 a contract.
Updated View On Crowdstrike Holding (5 Jan 2021)
I was dead wrong on my prediction on this counter previously.
And here I am again.
It is true that it is up the UP trend, but the minor pull back might play out.
$180 will be a good gap close support and the price can/may go there.
DYODD, all the best and read the disclaimer too.
Feel Free to...
$CRWD momentum remains at strength, closing with an intraday gain of +6.76% during a session with broad market weaknesses. $CRWD have attained a cumulative gain of +46.85% in this 2.5 weeks rally from the Bullish Ascending Triangle chart pattern breakout previously highlighted.
The last 3 days session was traded with an average transactional volume of 10 million...
$CRWD have successfully played out its Bullish Ascending Triangle chart pattern breakout, attaining a cumulative gain of +32.81% in this 2 weeks rally.
The closing session this morning was met with 15.26mil of transactional intraday volume, exceeding 315% of its average 50D volume at 4.45mil. Additionally, it is also observed that $CRWD is currently trading at...