BATS:CRWD   CrowdStrike Holdings, Inc.
CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher.

The first pattern on today’s chart is the bullish gap on August 31 after results and guidance beat estimates. A series of higher highs and higher lows followed, which may suggest a new uptrend is taking shape.

Second, the stock could now be trying to bounce slightly above the September 11 high. Is old resistance becoming new support?

Third, the lower study includes our 2 MA Ratio custom script with the default settings of the 8- and 21-day exponential moving averages (EMAs). It’s been positive since early last month, meaning the fast EMA has remained above the slower EMA. That could also reflect prices climbing in the short term.

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