CRDO is expected to go lower; current technical levels offer only short-term day/swing trade opportunities, not a durable long position.

here. Um falling I think about 14% from its close yesterday. Initially it jumped up on earnings, but then the guidance was a little bit weak. Now there are day tradable opportunities here.

So one of the ones I'm looking at here, there's a gap fill at 370 right there. That looks to be intriguing because it also extends out here. So you can see right in here. So this gapped fill where we closed this day and opened the next day up here, that might be a day tradable level.

I'll be looking at a 370 pierce to the downside from possibly a day trade. In terms of a swing trade, no level for me yet. Maybe if it falls straight over the next couple weeks into this ascending trend line, I might be interested just a little bit. But we'll keep an eye on that.

CRDO, another nasty one on earnings, falling pretty sharply here as well, although it has caught a little bit of a bid off the lows. This is a very intriguing day trade/quick swing trade.

And now again, I don't usually decipher between swing trades that are average length, which could be weeks to a month or so, versus day uh swing trades that are just a few days.

This would be more of a few days swing trade to me, if anything, if not a day trade. And the reason I say that again is because I still think this is going to go lower, but it's too good of a level to pass up.

Gap fill right here and pivot low. Gap fill right here. And it's also smack in the middle. Look at this. If we take our fib starting point and we go up to our high right up here, we just extend it out.

The fib 618 is right in the midst of that. So between 176 and 168 that to me looks like a very multiffactor firm level of technical support.