CrowdStrike Holdings, CRWD - Nothing is Holding This Back
This 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.
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.
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