Huge moves waiting for CRWD/Crowd Strike HoldingsGood buying position on CRWD/Crowd Strike Holdings. It has been in a big bullish trend for a long time. and with technical analysis it is a great entry point for making profits.
Crowdstrike
CRWD impending breakoutAfter just having a failed retest at the top resistance line of the channel (which could have been a support line), CRWD is now hitting the roof of the channel again. The RSI is being tightly wedged between two trendlines; volatility is also contracting. From what I can tell there is high chance of breakout on this stock.
If I wanted a short term trade with a good chance of carrying out, I would wait for a breakout. This will be signaled by a big jump in volume on an up day. If the price hits the open of September 1st (above the 132 level) I would consider taking a short term position and taking profits if the price hits the close of September 2nd (142.50 level). We could also see a failed retest so I would set a stop loss around the current price, the 130 level.
Cybersecurity Stock Increases EarningsCybersecurity Stock Increases Earnings
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NASDAQ:CRWD
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Crowdstrike Holdings $CROWDIt couldnt break the down trend last week. Needs to hold above $67.56 to be bullsih.
CrowdStrike -Triangle BreakoutCrowdstrike is moving upwards as analyst DA Davidson upgrades to a fair value estimate of $75 from $58.
Coincidentally, we are breaking out of a triangle formation.
Long CRWD - Exiting Complex Correction into Wave 3 CRWD has been in a squeeze-like range for roughly a month following the run up beginning mid-December. IMO it will exit the current expanding wedge and into Wave 3 with my PT at $73.46. Above $65 I'm long via calls. It could retest the bottom Trend Line before pushing higher. This is a well-known name and an increasingly institutionally-owned name. As always due your own due-dilligence!
Crowdstrike Possibility...Let Me Get My Crystal Ball Out...CRWD Pretty self-explanatory idea on chart. Levels where I think CRWD can go, eventually ending around 130 area. In my opinion likely to see low 70's and possible gap fill before moving on up, in an effort to complete corrective wave. Obviously tons of things can happen to negate this, horrible or outstanding earnings being just one of them. I do like the stock, and look forward to making money on it, whichever way it goes. Happy hunting and GLTA!!
CrowdStrike 1st time earnings Another of the IPO's I really like this year is CRWD, they will report earnings for the first time this Thursday.
Most analysts have a buy rating, with a price target 90$-100$. Meaning 12.5%-25% potential upside.
