CRWD Looks ready to strike – January 22, 2025
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at CrowdStrike ( NASDAQ: CRWD ).
CrowdStrike ( NASDAQ: CRWD ) looks pretty actionable here today. We have a clear break of some resistance. I drew this downward-sloping trendline, you can see resistance here and resistance here. We broke above that near-term level of resistance and did it on pretty good volume.
The volume is a bit skewed here because of this big bar over there. But if I move the chart over we can see higher than average volume on the breakout today. So it looks like an actionable move with a swing target in and around $400.00. That’s where I would expect some resistance or sellers to come in.
That’s where they came in back here in July of 2024. So we’ve got to expect some potential selling in and around this area. But if it can hold above this zone, and can potentially consolidate around 400.00, maybe you get a nice base of consolidation to then redefine your entry with a break above there.
That’s how I would look to play CrowdStrike ( NASDAQ: CRWD ) right now if it does continue its upward momentum and it’s able to soak up any near-term supply.
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