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Technical Update - CrowdStrike in rising trend. Can it stay the course?

Equity 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

CrowdStrike released earnings After Hours last night. The share is up 2% Pre-Market at 197.
That is still with in the rising channel CrowdStrike has been trading in for the past four months.
Trend seems to be weakening with the peak last week not taking out previous peak. If it breaks bearish out of the channel and closes below 184 there is strong support at 167.65
RSI Is still bullish but not really giving any indication of channel break out. But 100 and 200 SMA’s are falling with 55 rising indicating a battle between longer-term declining sentiment and medium and short-term slightly rising sentiment.

 

Crowdstrike 31aug
Source: Saxo Group

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