$CRWD has been in a “Go” trend since mid September.
Following a strong gap higher early in the trend, we have seen move higher setting a recent high over $550. During this trend, GoNoGo Oscillator has been at or above the zero line, repeatedly finding support at that level each time it is tested. After a recent high, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term due to waning momentum. Indeed, GoNoGo Trend painted a string of weaker aqua bars as price fell from the high and GoNoGo Oscillator fell once again to test the zero line from above. Having found support, we see GoNoGo Oscillator bouncing back into positive territory on heavy volume (dark blue oscillator) as GoNoGo Trend paints a first bright blue “Go” bar in five periods. With this move higher, we see that price has eclipsed resistance. With momentum resurgent in the direction of the “Go” trend, we will watch to see if price can consolidate these gains and potentially move higher in the coming days.
