Just wanted to mention something that I've been noticing a lot recently. A lot of names have had big % gain days lately like we see here in CRWD. The biggest thing people are overlooking with these moves is WHERE they happen. While it's a big 1 day gain, look where this gain happened. Still below the most recent high ($205ish), let alone an important resistance area ($215ish). A few other examples off the top of my head where this has happened recently is PTON, AMZN, & BMBL. Until we start getting these big bounce days that go above and hold above important resistance areas, they're nothing more than dead cat bounces and should provide better r/r to the downside than to the upside. IMO.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.