$CRWD closing above 20 Day SMA $ and FIB Retracement levels

107
The bellwether cybersecurity cos Crowdstrike had a very bad 2024 after the disastrous failed upgrade which caused major outages globally. Yesterday the stock closed at 408 $ which is at an ATH. Today in a week market it is still above the 20 Day SMA @ 362 $ and the 1.0 Fib retracement level @ 396 $. If these key support levels hold it is good idea to go long on $CRWD. In our Daily Dose of Chart : 07 Jan 2025 we spoke about a bullish Head and shoulders pattern. But this pattern is now invalidated. So, within the tech sector we are seeing intra sector rotation with NVDA @ its 200 Day SMA support and CRWD @ ATH. I think this weakness in Semis vs Cybersecurity will continue for some time. Please check out my post on 27th Jan for NVDA trade idea.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.