CRWD is grossly overvalued
$CrowdStrike (CRWD.US)$ in need of a correction if it wants to continue rallying for the remainder of the year. There is also significant insider selling. A retracement to $330 is likely.
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MomentumPython1337 : it just corrected before earnings I don't think it can correct heavily again
MomentumPython1337 : my bets is more on sideways until next earnings report
PandaPower OP MomentumPython1337 : There is a huge gap on the weekly, this is up significantly over the past few weeks. There has been no correction.
MomentumPython1337 PandaPower OP : there was a pullback from 340 to 300 just before earnings you can call it pullback or correction or dip I'm not going to argue on the terminologies but it was a steep drop for a stock on a bullish run and even before that the price was moving sideways for several weeks around 300 range
the first gap up from 300 to 330+ was fuelled by positive earnings it merely plugged the downward gap that happened a few days prior
the second gap up was fuelled by non-negative news from FOMC on interest rates but the price has been slowly decreasing since then
the most bearish I'd bet is to touch 340 but i highly doubt it will go below 340 there's no negative news in cybersec or for this company even in the previous dip it already touched 280 when whole market was dipping together i would be very surprised if it can dip again to such levels in the absence of bad news