Cybersecurity is one of our favorite themes. This is known to all who have been following this blog space. We have been bullish on the tech sector 
XLK and specifically in the sub sectors within the tech sector. Cybersecurity is one of them. Within Cybersecurity we have some stocks which have outperformed the rest of its peers. One such name is Crowdstrike. 
CRWD after suffering a 50% correction last year outage which took its price to 200 $ has recovered the loss and has recovered all the losses and then some. The stock is up almost 140% from its lows.
An outperformer in an outperforming sector. In the chart we also look at the ratio betweenCRWD to $HACK. The ATH for the ratio chart was 6. Currently we are @ 5.6 in the ratio chart. The price chart of CRWD alone looks bullish. If we plot the Fib retracement level just before the 2024 downturn then the next level in the price chart is 520 $. My price target is 520 $ before we can target 700 $ in the medium term.
Verdict : Go LongCRWD for medium to long term. 520 $ first then 700 $.
XLK and specifically in the sub sectors within the tech sector. Cybersecurity is one of them. Within Cybersecurity we have some stocks which have outperformed the rest of its peers. One such name is Crowdstrike. CRWD after suffering a 50% correction last year outage which took its price to 200 $ has recovered the loss and has recovered all the losses and then some. The stock is up almost 140% from its lows. An outperformer in an outperforming sector. In the chart we also look at the ratio between
CRWD to $HACK. The ATH for the ratio chart was 6. Currently we are @ 5.6 in the ratio chart. The price chart of CRWD alone looks bullish. If we plot the Fib retracement level just before the 2024 downturn then the next level in the price chart is 520 $. My price target is 520 $ before we can target 700 $ in the medium term.Verdict : Go Long
CRWD for medium to long term. 520 $ first then 700 $. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.