JAN 2021: CRWD $210 – $215 Bull Call Spread
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THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
Trade Selection Criteria
Overall market movement
Nasdaq has been trading in a beautiful upwards channel since November. The trend is really strong. We have been getting small pullbacks consistently every two weeks almost like clock work. Nasdaq pulls back to the middle Bollinger Band, bounces back and continues on its way up. Right now, trading looks like a 5th grader’s job. Just buy the dips and you are all set. Only if trading was this simple! We would keep buying these dips every 2 weeks and wrap up the $25K challenge! All I can say is enjoy this stress free trading pattern while it lasts. Earnings season is right around the corner and once earnings start coming out, the market direction will be primarily controlled by those earnings numbers.
No Earnings or Significant News
Earnings are behind us and were announced on 12/02
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI Analysis
N/A This trade was done based on Support/Resistance
ADX Analysis
N/A This trade was done based on Support/Resistance
Trade Analysis
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