CRWD uptrend remains intact with solid action and positive intermediate RS, but short-term momentum is neutral; a break below 181 would signal a cycle breakdown.
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All right, let's go ahead and hop over now to CRWD. And this is also holding up so far pretty well. RS has been positive on the intermediate term. Want to obviously also show you what's happening on the MCM.
So on the short term, it is neutral. Uh so just kind of holding in here. So that's something to be aware of. Uh there's a low that is due 914 to about 1026. Um I just want to also share with you that the areas up here 223 to around 24166.
Short-term bullish cycle structure. This one formed as low again right on time 821 to 8:31.
what's happening right now in CRWD is still solid. You know, you have 223 up to uh 23460, 1272 at about 249. So action is solid and has been for a while. RS is just mildly red.
I would not put a lot of weight on that right now. Given uh the overall uptrend this thing has been in for a while. It needs to lose this low at 181 to give you any sign of change cuz that would be a cycle breakdown if that were to occur.
But we aren't there yet. We simply are not there yet.
Finally, let's shift over to the 2hour and look the same setup that we just saw in FT&T. It happened in CRWD2. Isn't that interesting that we saw the same setup in the same group at the same time across two different underlyings?
The RS is positive as is the slim ribbon action is fine. We have just moved back out of the swing zone in the MCI and the Slim Ribbon PO is just getting into that oversold area.
So, we'll be watching for that to try to turn its way back up shortly.
Watch the most recent swing lows closely in names like PNW, FT&T, CR, WD, those names which have been leaders and and really still are. That is your key line in the sand on the downside to say that there is something else happening here.
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What this channel has said about $CRWD
Steve Miller has only this one call on this stock.