CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone.

The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a lack of accumulation at that level, the stock whipsawed back down. The black candles thereafter were smaller funds selling on each bounce. Notice the tiny white candles that follow the black candles (see the orange arrows), patterns that reveal controlled, incremental buying against the selling.

This is a longer sideways trend with stronger support and more definition of the buy zone despite heavy interference from small funds selling in the past couple of months.
Beyond Technical AnalysisbuyzonesCandlestick AnalysiscybersecuritydarkpoolsEarningsearningsanalysisrelationaltechnicalanalysissoftwarestocks

Martha Stokes, CMT
ttrader.im/tv-candlesticks

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