The bellwether cybersecurity cos Crowdstrike had a very bad 2024 after the disastrous failed upgrade which caused major outages globally. Yesterday the stock closed at 408 $ which is at an ATH. Today in a week market it is still above the 20 Day SMA @ 362 $ and the 1.0 Fib retracement level @ 396 $. If these key support levels hold it is good idea to go long on $CRWD. In our Daily Dose of Chart : 07 Jan 2025 we spoke about a bullish Head and shoulders pattern. But this pattern is now invalidated. So, within the tech sector we are seeing intra sector rotation with 
NVDA @ its 200 Day SMA support and 
CRWD @ ATH. I think this weakness in Semis vs Cybersecurity will continue for some time. Please check out my post on 27th Jan for NVDA trade idea.
NVDA @ its 200 Day SMA support and CRWD @ ATH. I think this weakness in Semis vs Cybersecurity will continue for some time. Please check out my post on 27th Jan for NVDA trade idea. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.