After a long winter vacation which took to many new places and attending my family I am back with new wisdom in new year of 2026.
How poetic will that be to start the year with the sector which has suffered the most in 2025. I am talking about the Software sub sector within the technology sector. It is no secret that Software sector and its ETF
IGV have been trailing the
SMH for more than a year. But within the software sector I prefer the cybersecurity sector.
People who follow my blog know that in cybersecurity I prefer the stock $CRWD. CrowdStrike is now in a bearish pattern. My call of remaining bullish on
CRWD on Nov 9 has been proved wrong.
CRWD: Secular outperformer in Cybersecurity. for NASDAQ:CRWD by RabishankarBiswal — TradingView
It failed at the 1.618 Fib retracement level and has been falling since then and has almost been close to the lower bound of the parallel channel. If the bearish momentum continues, we might see it reaching 400 $ which will be back to the 1 Fib Level. This might be a psychological support level.
Trade Set Up:
CRWD has a good support @ 400 $. It’s well in the accumulation zone. Invest 30% now and the rest 400 $.
How poetic will that be to start the year with the sector which has suffered the most in 2025. I am talking about the Software sub sector within the technology sector. It is no secret that Software sector and its ETF
People who follow my blog know that in cybersecurity I prefer the stock $CRWD. CrowdStrike is now in a bearish pattern. My call of remaining bullish on
It failed at the 1.618 Fib retracement level and has been falling since then and has almost been close to the lower bound of the parallel channel. If the bearish momentum continues, we might see it reaching 400 $ which will be back to the 1 Fib Level. This might be a psychological support level.
Trade Set Up:
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