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HandsomeSloth
Feb 7, 2024 4:26 AM

Negative Divergence; targe 200 SMA <$250 (20% correction) 

CrowdStrike Holdings, Inc.NASDAQ

Description

We've been forming a negative divergence on the daily for 2-3 months now.
CRWD has been red hot.
Margins are barely positive over the last few quarters (after a long-time being negative). But CRWD is still a $72 billion company trading at 24x revenue.

Now is the time to do the mature thing and to take some profits.

I'd suggest looking at the 200 SMA for re-entry (around $230-250 as a guess).
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