CRWD now down 47% from all time highs. This is a great valuable lesson in showing how one of the greatest stocks in the market can quickly decline when a major catalyst hits. The scale of this news/negative sentiment is global and I do expect lower prices to come. If we zoom out, I'm thinking this thing can revisit $100 price area. If not, it'll be an unpopular stock for some time until the negative sentiment dies out.In terms of trading, I think this one is getting oversold (and can still sell down more with all the negative news) which means dip buyers might try to come in causing this stock to bounce.
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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.