$CRDO

CRDO shows a head and shoulders pattern; a fall to the neckline suggests resistance and potential further decline.

BearishHe framed it in days

“Last Week's Big Winners Reverse: Where To Buy The Dip”

Verified InvestingPublished Sep 28 · 2 passages

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You will notice a similar pattern, as the same applies to CRDO stock. CRDO's stock saw a massive surge on Friday, closing up 10%, then 7.7%. Now, interestingly, the stock has since fallen, crossing the price gap and thus completely undoing its rise, dropping 10% to its lowest point that day.

Looking at the overall CRDO graph, this is the level I'm most keen to monitor, isn't it? You can see the beautiful head and shoulders pattern that has formed here on CRDO. What do we know about head and shoulder patterns?

Well, when it breaks, it falls back, does n't it? We may then see a further decline. So, if CRDL falls back to this neckline over the next few days, I think this will continue to provide resistance for CRDL.

But ultimately, we have to see if it can rise there or if it will continue to sell and not give us a chance to trade.

Watchpoints

price action relative to the head and shoulders neckline

What this channel has said about $CRDO

Verified Investing has 2 calls on this stock; only the adjacent ones are shown.

2026-09-28BearishThis one

You will notice a similar pattern, as the same applies to CRDO stock. CRDO's stock saw a massive surge on Friday, closing up 10%, then 7.7%. Now, interestingly, the stock has since fallen, crossing the price gap and thus completely undoing its rise, dropping 10% to its lowest point that day.

2026-09-02Bearish

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.

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