CrowdStrike (CRWD) ... Short term top??CrowdStrike (CRWD) Based on an overall softer overall broad market and/or increased threat of lawsuits could make shorting CRWD a winner.
This is short term play. (30m) based on a short term Wolfe Wave setup.
Ideally the area to sell/short would be a failure around $259 area. and momentum rolls over.
This is not investment advice.
Do your own due diligence and research and be nimble.
S.
1CRWD trade ideas
Adding CRWD To Swing Positon NASDAQ:CRWD just printed a bullish engulfing pattern within the Monthly zone i have marked up. Price is currently aorund 40% from it's most recent high.
Looking to enter a swing position here to ride it up. If we get a false bullish move and go lower, then i will DCA and enter once we get another bullish engulfing pattern.
Stay Patient
Rinse & Repeat
CRWD - Time to Step In?Crowdstrike has been in the news of recent and a lot of negativity surrounding it. This is one of those selloffs that could be a great buying opportunity such as we have seen in the past with other stocks that took a beating after a negative event happened.
So I am a buyer here. Was waiting for the stock to show some signs of support and finally we are seeing the beginning of that.
The 190 level was the level I was looking at initially as this is broader support, but the market found buyers around 200. Now we have a bounce on the back of some upgrades and this is following the market attempting to make a bounce itself.
It is still pre-market but I am looking at selling Puts for expiration this week and or buying the stock outright. The premiums on options are silly, and so I am not a buyer at high premiums, I am a seller.
There is a nice fat gap to fill and my target level is 290, about 60 pts higher.
Keep posted will let you know the trade when I take it.
CROWSTRIKE REVERSAL SEEM IMMINENT AT $210 TO $200This asset has had a crazy ride to the south following the internet outage that acted as the catalyst. We made good money from this asset holding the sell.
I think the ride is almost over. I will watch $210 to $200 for possible reversal.
Watch out for fundamentals as well.
Largest IT Outage in History Presents.. Last Seven Days have been record breaking and not in a good way, historical political events met by historical "outages", watching the weekly chart on here, if we lose this level I'm looking at the next two below, I've condensed the chart to the daily to follow more closely,
I still think there is more to come with this, let price lead the way.
CRWD Down 47% from HighsNASDAQ: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.
This is the easiest short you can possibly imagine.I am not even going to spend a lot of time on the charts. The fundamentals for this company are abysmal.
Even after the recent declines it still has a PE TTM of 450. That is nearly 10-15x the average PE of any tech giant.
They earn nearly 1.2b a year thus far in cash flow but choose to shell out over half of it in stock based compensation, while diluting shares 4-5%. You can't do both. You can't dilute shares claiming you are doing so to pay staff, while in turn have your executives sell 205 million dollars of shares in eight months (with about 50% of that being the CEO and the director of security). If they truly believed in the growth prospects of this company, they would in turn be buying back shares, not selling them.
If you want to get technical, this stock never had a long period of consolidation from ~80-100/share. It pretty much ran up from 30-60 level and never came back down when it caught the 2020 hype.
If we want to be generous and give this "security" company a bottom to go long, it's 100/share. And that is just because it is the .236 fibonacci level, and it would be hard to say it could go lower than 75% from the highs.
Positions:
November 2024 180 p, 10 contracts @ 3.2/piece (currently up 80%)
September 2024 150p, 5 contracts @ 0.6/piece (currently down 5%)
bottom fishing $CRWD with 300c exp Jan 2025analyst Hamza Fodderwala believes that CRWD will be able to “limit long-term reputational damage from the outage given the company’s swift response (>97% of impacted Windows sensors back online as of 7/25) and partner checks indicating limited churn risk so far.” However, the analyst removed CRWD from its “Top Pick” list due to the stock’s decline of more than 30% over the past month. Fodderwala believes that CRWD is nearing a bottom and views the recent events as a potential headwind.
Furthermore, the analyst pointed out that the company is likely to lose around 20% of new bookings over the second half of 2024 due to the outage.
CRWD - Waiting for Bullish EngulfingAfter the crazy global outage with Crowdstrike's top product Falcon Sensor, the company has lost alot of revenue. But if you begin to look at things from a different lens, you can begin to see how much market share they truly have in their niche, which is immense.
I believe they will learn from this situation and recover from it.
So for me and my technicals, price has went back into it's buy zone and I will be looking t investing capital once we receive a bullish engulfing candle pattern.
Price is currently 41% below is recent high.
PAYTIENCE is needed here
Ouch, CrowdstrikeIn Crowdstrike, the damage is done: The market reaction to the technical glitch has already been harsh, but in the long term the company could be in serious trouble. In the age of memes, Crowdstrike has become synonymous with the vulnerability of the digitalized society in less than 24 hours. The loss of trust is likely to have a lasting impact on the company's results.
For this reason, we are bearish on Crowdstrike in the medium to long term. The stop loss for this trade idea is very wide. Followers can also see the idea as a warning to invest in Crowdstrike, while at the same time it gives an indication of the price at which an investment may be worthwhile again.
CRWD - Filling the gapI'm looking closely at CrowdStrike today and going forward. We have anchored VWAPS, Longer term support lines as well as what was looking like an RSI inversion before the big drop after the news of the Delta lawsuit. We also took out 50% of the FVG (a common reversal play) from last year. The CEO of Delta was on CNBC this morning. He did not say he was removing CrowdStrike, further he said regarding the lawsuit "We're not looking to put them out of business" and I'm paraphrasing a little here "That we want them to make it up to us however they see fit." - So - I think the extreme reaction to the lawsuit was overblown. While every lawsuit that gets news may cause a drop Delta was the big one related to how they were affected. We were starting to follow technicals last week very good until the Delta announcement and I think we will again. The technicals are lining up. We may see a bounce here watch close.
7/30/24 - $crwd - buying low $230s, 1% only7/30/24 :: VROCKSTAR :: NASDAQ:CRWD
buying low $230s, 1% only
- no doubt this is still "expensive"
- *everyone* is going to try to sue them, lol (that's what's driving this headline)
- the unwind today is more a function (i'd guess) of the compounding nature of QQQ's risk off + deleveraging vs. the headline itself
- STILL EXPENSIVE. the actual EPS? that's the issue - mkt can't look thru. It's probably still > 50x PE
- the floor on this? probably sub $200. But that's 15% lower. Am i willing to neck out here w/ 15% downside on an insider-owned insider-driven-event (cough cough, don't expect me to say more)? yes.
- am i keeping my powder dry and would prefer to own semis over this expensive software w/ an overlook issue? yes
But i've had this on my watchlist for some time. I'm legging in. It's non obvious. 6/10 conviction for me. playing a mean reversion to some degree as well - so will need to be nimble.
if u don't want to over complicate your life. just ignore this and set a reminder for crossing $210 if/when we go there (no promises in markets). there r plenty of oppties every day.
V
CrowdStrike Faces Crisis: A Major Outage and Its AftermathCrowdStrike Holdings Inc., ( NASDAQ:CRWD ) a giant in the cybersecurity industry, recently faced one of the most significant technological crises in history. The incident, which caused substantial financial losses for its customers, has raised important questions about liability, resilience, and the future of cybersecurity.
The Incident: A Global Technology Meltdown
On the morning of July 19, 2024, a software update issued by CrowdStrike for Microsoft Windows systems triggered a massive global outage. The fallout was immediate and severe, impacting healthcare providers, banks, airlines, TV stations, and hotels. Over 8.5 million PCs and devices running Windows were affected, leading to widespread business interruptions, operational delays, and significant financial losses.
Financial Impact: Billions in Losses
Parametrix, an analytics and insurance provider, estimated the financial impact of the outage at $5.4 billion for Fortune 500 companies alone. Despite this staggering figure, CrowdStrike ( NASDAQ:CRWD ) itself is largely shielded from direct financial repercussions due to the software industry’s licensing structures, which limit developer liability, and the comprehensive insurance policies held by CrowdStrike and its clients. Nevertheless, the cybersecurity insurance policies of these Fortune 500 customers will likely cover only 10% to 20% of the losses, translating to insured losses between $540 million and $1.08 billion.
Response and Recovery
CrowdStrike's Chief Executive, George Kurtz, took to LinkedIn to reassure stakeholders, announcing that over 97% of Windows sensors were back online. However, the recovery came at a cost to customers, who suffered significant losses due to downtime and business disruptions. In his public statement, Kurtz emphasized the company’s commitment to its customers and promised a detailed update in the forthcoming earnings call.
Market Reaction and Analysis
Following incident, CrowdStrike's shares dropped by about 25%, resulting in a market value loss of approximately $22 billion. Analysts have adjusted their price targets to account for the potential long-term effects. Despite this setback, CrowdStrike's strong position in the cybersecurity industry and its crucial role in preventing cyberattacks indicate a complex future. While the company's software is difficult to replace, the incident may impede new customer acquisition. The stock closed at $254.15 previously, with a day's range of $251.26 to $260.54, and a 24-hour volume of 9,519,211 shares. The next Crowdstrike ( NASDAQ:CRWD ) Earnings Date is slated for Aug 28, 2024.
Industry Perspectives
Tracy Woo, a cloud computing analyst at Forrester Research, highlighted CrowdStrike’s critical role in cybersecurity. “CrowdStrike is probably one of the biggest, most dominant software companies out there in the cybersecurity field,” Woo noted. While she does not foresee a mass exodus of customers, she acknowledged that renewal rates could drop, depending on how deeply integrated CrowdStrike's solutions are within their clients' systems.
Legal and Insurance Implications
Bronstein, Gewirtz & Grossman, LLC has encouraged investors to seek compensation for alleged wrongdoings, as the potential for litigation looms. Jonathan Hatzor, CEO of Parametrix, explained that it is impossible for companies like CrowdStrike to shoulder unlimited financial liabilities, hence the reliance on insurance to diversify and mitigate such risks.
The Road Ahead
CrowdStrike's resilience will be tested in the coming months as it navigates the fallout from this incident. The company's ability to retain customer trust, mitigate legal repercussions, and maintain its leadership in cybersecurity will be critical. Upcoming developments, including the anticipated updates in their earnings call and potential new measures to prevent such incidents in the future, will be closely watched by stakeholders.
While the recent outage has undeniably impacted CrowdStrike and its customers, the company's position in the cybersecurity landscape offers a foundation for recovery and continued dominance. As the market adjusts to these developments, CrowdStrike's commitment to its customers and its proactive measures will be pivotal in restoring confidence and driving future growth.
For more in-depth analyses and updates on CrowdStrike and other major players in the tech industry, follow @DexWireNews.
CrowdStrike Holdings, CRWD - Nothing is Holding This BackThis is one opportunity that I will take full advantage of as the chart is providing plenty of support and potential for a significant swing back up to retest the recent highs that CRWD tested a dozen times already.
In this first chart you can clearly see the high channel that was the ceiling for CRWD and initially Investors still found fair market value at this point still trading several million shares per day before beginning to breakdown roughly 6% and then on July 18th with a glitch in a software update that caused some short lived worldwide challenges with several large companies the stock was punished fairly harsh pushing it down another 28% for a total loss of 34% or approx. $136. Please note the 2 Gaps Down on the chart as well as the Money Flow Index being in an Oversold Position as well as the PPO, Price Point Oscillator sitting near minus 12 and the ADX, Advance Decline Oscillator being above 38... at these values on a Daily Chart I always have a high degree of certainty that the bottom is in and a reversal will be made. I am also showing the expected advances to be made for each Gap Fill as well as a potential retest of the top, so those values for potential gains are 14.65% + 16.44% + 13.83%.
This next daily chart shows the Long Term Channel Support dating back to December of last year with the current price point sitting just above the midpoint of that channel having spiked down lower to it this past Thursday and Friday.
Finally this last chart is a Weekly Chart showing the Fibonacci Retracement off the High from the beginning of it's run at the start of 2023 and at the moment is sitting just above the 50% support or $245.29, and though the chart on the weekly does still look week as if it might drop to the .618 FIB at $209.17, imho I believe the worst case scenario is for a spike lower to the bottom of the Long term Support Channel which Coincides with the 100 day EMA, Exponential Moving Average at $239.
Overall CRWD has performing very well in it past 3 Quarterly Financials with both their Earnings steadily improving along with their Revenues and so with their next quarterly earnings to be announced on Tuesday August 24th I am Confident that there is much more upside to be seen than any additional further downside.