Visual view
CRDO
CRDO reverses off a 29% pit — target $210.97, WATCH tier
Golden Pit Reversal
As of: 2026-05-19
Watch$158.53 Bollinger lower band — the floor this setup depends on
RiskClose below $144.72 ends the reversal thesis
ConfidenceB+*
Why now
Credo Technology is a data center interconnect chip company that ran hard into May. A 29% drop from the May 11 high is steep, but Monday's single-session recovery from $149 to $169 — recovering 32% of the pit — is a strong reversal candle. RR at the current entry is 1.73x (watch tier). A pullback to $158–160 near the Bollinger band makes this a full entry.
How to think
- Ideal entry: pullback to $158–160 (Bollinger lower band)
- Stop $144.72 — below the pit low
- Target $210.97 — prior high
What to watch
Don't enter at $169. Wait for a retest of $158–160 and a close above it. If that holds, the RR improves to 3.0+.
Simple explanation
A 29.4% pit from the May 11 high of $211, with Monday's low at $148.95 and close at $169. Recovery of 32% in a single session with elevated volume. Strong reversal body. Current entry price puts RR in watch territory.
Risk
The main risk is entering too early at $169. Patience pays — get the $158–160 entry and the trade transforms.
FAQ
What upgrades this from WATCH to a full publish signal?
A retest of $158–160 that holds. If CRDO pulls back there and buyers step in again, the RR improves past 3.0x and the setup earns a clean publish tier entry.
Pattern params and score explanation
Setup typeGolden Pit Reversal
PatternA 29.4% pit from the May 11 high of $211, with Monday's low at $148.95 and close at $169. Recovery of 32% in a single session with elevated volume. Strong reversal body. Current entry price puts RR in watch territory.
TimeframeDaily
Tagsgolden-pit, semiconductors, data-center, CRDO, bull, watch
{
"price": 168.99,
"priceLevels": {
"entry": 168.99,
"stop": 144.72,
"target": 210.97,
"support": 148.95,
"resistance": 210.97
},
"metrics": {
"score": 0.764,
"rewardRisk": 1.73,
"volumeRatio": 1.364
},
"patternParams": {
"strict": false,
"subtype": "reversal",
"pitDepthPct": 29.4,
"reversalBodyRatio": 0.778,
"winStartDate": "2026-04-21",
"recentHigh": 210.97,
"pitBottom": 148.95
}
}