CROWDSTRIKE : Stock Price PREDICTION (CRWD STOCK)

here we have the current stock market update for crowd strike Holdings Incorporated stock ticker crwd before we begin with the chart analysis if you find these educational materials to be helpful in your trading please remember to click the like And subscribe buttons and leave your thoughts in the comments section below so that other Traders will be able to find this information more easily on the platform so as we can see here we have the daily price chart and Nvidia oh Nvidia sorry it's bit of a fraudi and slip there crowd strike did report uh earnings yesterday um and we did see some positive numbers from the company uh with share prices starting to move to the top side again um I haven't covered the stock much uh except there have been a couple of instances where I where I did Cover the stock and I explained uh during the July 2nd video uh that I was going to be selling my position in this stock and I would like to sort of uh sort of uh re uh resmar the uh the trading activity that that occurred with the stock because this really did nail the top here and it's not necessarily I'm not trying to act as though I was uh you know extremely precient or fortun tell or something like that but uh as you can see here I I sold out right at right at the price highs for this recent Trend rally uh and mostly the reason that this was done was was because I thought that the stock was simply too rich on a forward PE basis uh the valuation was just way too high it was just astronomical so I thought you know time to take gains on this stock uh and then a very short time later we had this uh you know massive news story about the uh the software outages that were taking place with Microsoft systems and the stock just completely collapsed after that and I'm not trying to sound as though I knew that that was coming I mean there was no way I could have foreseen something like that um the exiting from the position didn't have anything to do with the expectation for a for a software outage or anything like that it was simply based on uh forward PE metrics uh but as we can see here the July 2nd trading session uh was right at the top right at the top of this longer term Trend here um you know really could not have been much much better in terms of uh you know the trading level that was uh seen there and then I did explain that at the end of July I was I was going to reenter the position uh due to the fact that I simply thought that this this movement to the downside yeah I mean this was a this was definitely bad news uh for the company but I did start to think that uh you know we're starting to become over extended to the downside was an incredibly volatile stock at that time it was a bit of a risky position I didn't recommend this in the in the trading room uh this was just more of a personal position uh that I did discuss in the in the public section uh of these of this channel uh normally I don't I don't I don't uh discuss real trades with uh in the public session uh section that's mostly in the in the members only section um however with this one um you know I did say that you know I was going to start to to re-enter into the stock toward the end of J uh end of July uh simply because this uh this news story I thought you know had sort of run its course I thought that that type of thing was unlikely to happen again they patched uh they fixed you know they fixed the uh the issues that were going on uh with with the uh the software outages so it just looked unlikely to to occur again and I thought that the uh the massive overreaction here did warrant uh new long positions in the stock and as we can see here uh this most recent earnings report is now uh influencing that position to the topside uh what we've seen currently is a is a fairly significant break of near-term resistance uh so I do expect the stock to have a bit more topside here uh going forward so uh you know as things currently stand if we're looking at the the overall price decline from just under $400 uh to this $200 Mark you know this is almost a 50% loss in in total share price action here um you know we can see now that the 38.2% Fibonacci retracement of that move comes in right around current price prices and as we can see here this was a significant level of resistance previously essentially this this level was tested during the August 22nd trading period uh there we saw price Highs coming in at 27850 uh and this does this does uh roughly come in line uh with the uh 38.2% fiber trement which is just over 276 so this is the daily time frame so this is not a short-term time frame uh so you know we can have a bit of distance here um and and it as you can see on this price chart uh the stock was clearly having some trouble overcoming this orange line here uh which is the zone that that is uh defined by the 38.2% fiber trement of this declining move so uh you know as we can see here this earnings report has been quite favorable even from a technical perspective not just from the fundamental perspective uh but as we can see here there there are some very important price breaks that are now occurring so number one we do have a break of this upside resistance historical resistance level uh two we've now traded back above the exponential moving average cluster which was a real issue for this stock given the fact that share prices had fallen so quickly and deviated so far away from the exponential moving average cluster uh and then in addition to that uh you know you also have this break of this of this Fibonacci resistance zone so this really does sort of open up the top side here at the moment uh currently what I would be looking at would be this uh you know as far as resistance is concerned would be this 100 period declining uh exponential moving average I may I may uh uh exit the position if we do see uh an approach there uh currently that resistance Zone comes in right around the $300 Mark so um I would probably look to take gains a little bit in advance of that number uh we're trading we're trading there somewhat somewhat near term uh it's not very far away from current price action so you know we could definitely see a price movement into that area um and then from there uh you know a break above would Target uh you know something above 320 so something right around 323 uh would be the 618 retracement of this of this declining move so uh you know overall this was a good earnings report it did it does support the outlook for the company on a fundamental basis uh you know valuation is still an issue for this company and that's likely to be the case for quite a while I don't expect that to go away anytime soon but now that we're seeing some technical breaks in addition to the to the positive earnings report um you know this this trade does look very strong at the moment um and I do expect a little bit at least a little bit more of an extension here uh to the top side uh as a as a support uh support supporting the outlook for the for the current trade so here's the current market update for crowd strike Holdings Incorporated stock ticker CR WD our high value trading strategies membership is currently available for a limited time for only $9.99 per month these high conviction investment strategies are characterized by Superior risk to reward metrics that Target massive Market beating returns over time join now to outperform the Market lock in this special introductory rate of just $9.99 per month for the entire lifetime of your membership and start treading stocks with the pros [Music]