CRWD Seeing New Higher Highs, A Bull Trap or Not？
$CrowdStrike Holdings, Inc.(CRWD)$ showed a strong performance with a gain of 5.56%. The positive movement was attributed to the company's resilience and recovery from earlier technical outages, which was well-received by investors.
The Current Candle chart shows it definitely Looks Like The Start of a Breakout With Solid Volume... Bull Trap??
According to Luis Carlos, Elliottwave Technical Analyst @X, who has 12 years experiences on Capital Market, Futures, Commodities and FX:
$CrowdStrike Holdings, Inc.(CRWD)$ is developing wave ((B)) higher. It needs to continue to $346 - 379 area where the stocks should see a reaction lower to resume lower in wave ((C)).
If the stock does not react lower from this area, it is going to continue to the upside.
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$CrowdStrike Holdings, Inc.(CRWD)$ Is it a Bull Trap? What’s your target price?
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- longlive100·10-11I think it's important to consider the insights of a technical analyst like Luis Carlos.LikeReport