Pullback Buy in CRWDThis cybersecurity stock has been a top performer in 2023.
After a vicious Stage 4 downtrend that wiped out 70% of its value in the 2022 bear market, CRWD has come ripping off the low this year.
It reclaimed its 200-day moving average last month and continues to advance higher.
The dashed line on the chart above shows a key support/resistance level in CRWD. The stock found resistance here earlier in the year and it has so far served as support after getting above the 200-day.
The stock is also sitting on its 50-day moving average which should serve as additional support.
I would consider buying here with a stop just below the 200-day line at $133. This would represent a 7% risk on the trade.
1CRWD trade ideas
Defense with a lot of weapons Crowdstrike is the fastest growing cybersecurity company. Has the deepest pockets and with the latest cyber attack on the government will be the most widely known in America and most sought after. The base is in and ready to take the next leg higher. Watch for news as a catalyst 6-17-2023
CRWD - Rising Trend Channel [MID TERM]🔹CRWD is in a rising trend channel in the medium long term.
🔹Next resistance 160.
🔹Weakening rising trend signals potential break early.
🔹Overall assessed as technically neutral for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
CRWD Bullish ChannelCRWD has been recommended as a fundamentally strong stock pick by SA
Looking at the trend its following a very nice bullish channel .
Based on that channel and it making simple HH and HL a path can be seen based on support/resistance
Also from the last High of 204 drop to lowest of 91 , it can be seen entering the Fib golden pocket now which will confirm full bullish reversal
166-170 is a strong resistance zone
Entry @ CMP or 170
TP 1 @ 179
TP 2 @ 200
SL @ 148
CRWD CrowdStrike and the U.S. Gov Agencies Hit By CyberattackIf you haven`t bought CRWD here:
Then you should know that CrowdStrike is a leading provider of cloud-based endpoint security solutions that protect against cyber threats.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions.
The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks.
Furthermore, the reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity.
Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats.
My price target for CRWD is $192 by the end of the year!
Looking forward to read your opinion about it!
CRWD: Bullish setup points towards $240-270CRWD sits at the convergence of two mega trends: Cyber security and AI. Strong impulsive move off the low combined with a 3 wave pull back and subsequent break of the W1 high implies a low-risk entry point ahead of earnings. Ultimately expect CRWD to reach quadruple digits over the next few years.
A new bull market has startedCrowdstrike is one of the best cybersecurity stocks out there and it is showing us that a new bull rally might've begun. If a cybersecurity stock is looking this bullish while the nasdaq is looking very bearish THATS NOT a good sign. Charts always predict the news which means a catalyst could be right around the corner to bring the market down.
Falling Wedge Heading Into EarningsPosting a quick update here as CRWD has been holding a macro-downtrend for some time now, and is heading into earnings looking quite bullish. CRWD is holding a massive falling wedge on its daily & weekly timeframes, (See Attached Charts Below), is sitting right on its 50-day EMA with the others starting to curl upwards, Bollinger bands are squeezing (Not Pictured), along with holding a bullish ABCD Elliot Wave on the daily timeframe and some gaps way on the upside still left to be filled. Additionally, CRWD is holding the same falling wedge on the weekly timeframe, accompanied by a massive bullish harmonic pattern as well as some bullish hidden divergence on the RSI. Will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Bullish and looking for a breakout from this wedge
-- Price Targets & Charts Attached Below--
PT1- $129.71
PT2- $134.26
PT3- $141.71
PT4- $147.90+
--Weekly Timeframe--
CRWD 1 Top Growth Stocks to Buy in April 2023CrowdStrike recently expanded its go-to-market strategy by partnering with Dell Technologies, a PC maker that serves 96% of the Fortune 500.
Dell will offer CrowdStrike subscription software to its customers, and it will use Falcon to provide managed security services to clients.
EPS Guidance UP Q1 +18.6 % 0.51 consensus 0.43.
IDEA
Long above 139
Profit 172
Stop 133.4
Risk/Reward 5.95
upside on $CRWDReally great set up.
If you were averaging into this one from for a bit, you're very happy right now. It looks like a calm target is $130.
This company could easily be in the $140-160 range in my opinion.
Need the rest of the market to play along and this can moon.
CPI was decent and SVB situation seems fine. Melt up mode on market can send this one.