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TomDaSpankEngine
May 30, 2023 2:06 PM

CRWD: Bullish setup points towards $240-270 Long

CrowdStrike Holdings, Inc.NASDAQ

Description

CRWD 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.

Comment

Almost back to even after selling off more than 10% in AH trading. Results were strong in my opinion, so not surprised to see this recovery. Trajectory as outlined above is still in tact.
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