08/01/2024
๐๐ผ๐ ๐ฑ๐ผ ๐ฒ๐
๐ฝ๐ฒ๐ฟ๐๐ ๐ท๐๐ฑ๐ด๐ฒ ๐๐ฒ๐น๐น ๐๐ถ๐ด๐ป๐ฎ๐น๐?
On July 10, I noted on my Patreon that the yellow candle in CRWD's chart indicated a bearish signal, suggesting that the downtrend would continue if the stock broke its final support level at $383.2.
Since then, CRWD has indeed continued to decline, breaking through its main support levels at $373 and $350. This downward movement aligns with a decrease in whale accumulation to 13.35%. In contrast, retail investors have been more active, accounting for 30.17%.
Additionally, the chart's second panel shows a shift from green to red bars seven trading days ago, indicating a change from bullish to bearish sentiment. For traders who acted on the yellow candle signal when CRWD was still trading around $390, this could have helped them avoid the subsequent sharp decline in the stock's price.
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