$CRWD
Added 2024-07-19 11:40:29 +0000 UTC$CRWD has upset the world this morning and we have just seen how important they are to the global digital ecosystem, however this was a big test for them and unfortunately they have not come out of this very well.
IT failures of this magnitude can not simply happen and apparently this was not a cyberattack either, so $CRWD has shown that their system is vulnerable now....this is after only being added to the S&P 500 last month.
$CRWD came very close to testing its 200 Day MA at $291 at the PM opening this morning but managed to hold, losing this level and the red line at $280 would confirm to us that $CRWD is now in its ABC correction and Wave A would likely be complete too and a relief bounce would be due next.
This has not happened yet so let's see if the market buys the dip here too, the structure is under the pressure now.
Comments
I doubled my position, holding LT
Chris
2024-07-19 13:40:32 +0000 UTCread "Trading in the Zone", i think it would help you Chris
Marty Austin
2024-07-19 13:18:29 +0000 UTCNot sure it helps any, but you are not alone!
Steve Cullip
2024-07-19 12:04:50 +0000 UTCI was up 30% just a few days ago, wanted to trim and did not. Now I'm back to even. When I sell, it's too soon and the stock keeps running. When I hold, it's the opposite.
Chris
2024-07-19 11:50:14 +0000 UTC
