CrowdStrike | CRWD | Short to Gap Fill
CrowdStrike Holdings (
CRWD
) may have the same fate as many tickers after a post-earnings gap-up: a drop to gap-fill. While it could move up to the 200 EMA (green line) in the near-term, catalysts such as the Federal Reserve meeting and OpEx next week may create an inevitable decline to fill $171.08 to $182.55. Further weakness may cause it to test support at $150 or even $140. However, if it has a sustained break over the 200 EMA, then a bull run may start.
CRWD
) may have the same fate as many tickers after a post-earnings gap-up: a drop to gap-fill. While it could move up to the 200 EMA (green line) in the near-term, catalysts such as the Federal Reserve meeting and OpEx next week may create an inevitable decline to fill $171.08 to $182.55. Further weakness may cause it to test support at $150 or even $140. However, if it has a sustained break over the 200 EMA, then a bull run may start.