CrowdStrike Holdings (CRWD) – [Ready To Strike?]

CrowdStrike Holdings, Inc. provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management. The company primarily sells its platform and cloud modules through its direct sales team.

CrowdStrike recently reported its results and it delivered yet another strong quarter though its stock took a noisedive, well thats the market for you. =)

Crowdstrike has corrected over 30% from its high and is it a time to look at it now? Lets take a look.

Chart source: Tradingview.com

We can see that Crowdstrike slammed down around $185 and have since staged a strong rebound. We are still early in this rebound and might see further upside. A safer entry might be when Crowdstrike breaks the horizontal resistance of $213.26 also around the downtrend resistance line or if it pull backs to around $200. Our upside resistance is $235 and then $247.

Crowdstrike does look their is value emerging at this price point and long term holders might want to consider scaling in too.

Yours

Humbly

Kelwin&Roy

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