Crowdstrike emits more weak signs - Analysis - 06-06-2022

Crowdstrike's stock (CRWD) returned lower in the intraday levels, while trading alongside the downward short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, hinting at negative divergence, marking a loss of 6.85%, or 11.92 points, and settling at 162.10, with trading volumes surpassing 9.3 million shares, above 10-day averages of 6 million shares. 

The losses came after the company reported forecast-beating profits and sales and estimates for this year's results. 

Therefore we expect more losses for the stock, targeting the pivotal support of 130.00, provided the resistance of 185.71 holds on.

Expected trend for today: Bearish