CRWD - Crowdstrike - pullback - second chance entry

1 Tem 2019

Another hot new listing to trade. Plenty of hype - cyber security unicorn.
An initial pop out of the blocks and all time high printed after 6 trading days.
A pullback that retreated to the count backline - pink - drawn from the low of the third highest candle.
Now another surge and attempt on the previous high and into new uncharted territory?
A perfect use of count back line analysis to time entry into a new listing.

7 Tem 2019

Not

update - 4 day candles since bur signal of strong green candle above arrow marked. Next day was a down day but price still held above the count back line.
Use the CBLine as stop loss level and if a close below the line we can exit the next day.