As you can see here on the daily heikin ashi candlestick chart. We have touched a line of resistance 3 times. Now, I am waiting for a bounce off with high volume too look to swing shorts. #crwd #shorts #puts
CRWD - Ready to bounce?
Despite the steep decline in the general market that started in mid July, CRWD was actually trending higher, showing good relative strength. In fact,it is still trading above its 50 day MA while both SPX and NQ is now well below this MA.
There are a few signs that CRWD could be ready to bounce from it's recent correction that started on...
CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher.
The first pattern on today’s chart is the bullish gap on August 31 after results and guidance beat estimates. A series of higher highs and higher lows followed, which may suggest a new...
CrowdStrike Holdings Inc. (CRWD) presently testing significant long-term resistance, able to absorb monthly buying pressures.
From here, (CRWD) can fall lower to channel support, eliciting losses of 15% over the following 2 - 3 months.
A settlement below channel support would lead to a long-term sell signal in (CRWD) into 2024.
Inversely, a weekly settlement...
A bit unusual for me to try and make a idea about a specific stock, but here goes!
Crowdstrike has always been a darling for me and I have been in-and-out of the stock a couple of times, but this time im in it for the long run!
Clear upwards trend, with a nice couple of close support/resistance levels.
The current one we are at now from 168-169. Should go...
Hi guys! This is a Technical Analysis on Crowdstrike Holdings (CRWD) on the 1 Week Timeframe.
Since this is a WEEKLY chart, its important to note that the current candle is not yet confirmed and closes end of trading Friday, 08/11/2023
Lets take our attention to the Orange circle highlighting current price action.
We have reached a critical SUPPORT zone.
A...
CRWD formed an inverted head and shoulder pattern in August 2023.
Price broke the neckline on high volume. Thereafter, a bullish flag pattern has resulted.
On 8 September 2023, CRWD broke above the high of 1 August.
CRWD has broken out of the rectangular formation in which it had been trading since May 2023.
Squeeze Momentum indicator has just fired (black...
CrowdStrike is in the cusp of breaking out of a Stage 1 base. Its currently slightly above the AVWAP from the peak in Nov 2021 with a new Relative Strength high compared to the SPX. It reported stellar numbers in the last quarter earnings with EPS growth of 106%.
Seeing some long-term trends aligning
BUY POINT:
Low from each prior shoulder of head and shoulders ~116
Long-term trendline support: ~105 today, but closer to ~115 by EOY
SELL POINT:
Prior head and shoulders neckline 136
Prior resistance around 150
CAUTION:
If we break ~116, it may not be until ~90 that we find support (head of prior head and shoulders
On the chart we can see the rising channel. We expect the price break down.
Our entry would be at the breakout point or when the price retest previous support and confirms it has resistance.
Target is shown on the chart.
CrowdStrike seems to have found a base in early 2023 and is now tracking a potential support trend. A potential rebound is expected near 137.87, aiming for an initial target at 157.04. Further gains could lead to targets at 177 and 190. A drop below 137.87 might suggest a move down to 120.
CrowdStrike is a buy on the dip if stock's price falls below 150 mark. As long as stock's price holds above 140 level, its target would be a range between 169 and 182.1
KEY LEVEL=146.9
TARGET = 169-182.1
RISK=140
