CRWD - a simple base for the simple mindCRWD is forming what is best described as a simple base as coined by Patrick Walker. For it to be completed a smaller cup must be formed on the right hand side around current levels. Completion of such base must be verified by an increase in volume. I believe this is to be seen over the coming weeks.
The stock received favourable notice today when JPM reaffirmed its $400 price target while the positioning is to the bearish side with 68% of option positions are that way, as reported by Benzinga: www.benzinga.com this would put any upward pressure in the price into overspeed as investors cover.
Taking note of the thematic play of stock such as CRWD, I am in no rush to enter right now, but do acknowledge that I have the tide with me should prove break out from here.
This is a technical play, driven by the trend and supported by fundamentals. Your SL and PT(s) should be your own.