You will notice a similar pattern, as the same applies to CRDO stock. CRDO's stock saw a massive surge on Friday, closing up 10%, then 7.7%. Now, interestingly, the stock has since fallen, crossing the price gap and thus completely undoing its rise, dropping 10% to its lowest point that day.
here. Um falling I think about 14% from its close yesterday. Initially it jumped up on earnings, but then the guidance was a little bit weak. Now there are day tradable opportunities here.
So one of the ones I'm looking at here, there's a gap fill at 370 right there. That looks to be intriguing because it also extends out here. So you can see right in here. So this gapped fill where we closed this day and opened the next day up here, that might be a day tradable level.
I'll be looking at a 370 pierce to the downside from possibly a day trade. In terms of a swing trade, no level for me yet. Maybe if it falls straight over the next couple weeks into this ascending trend line, I might be interested just a little bit. But we'll keep an eye on that.