CrowdStrike Holdings’ stock price (CRWD) advanced in the intraday levels, while recouping some recent losses, as it also tries to vent off oversold saturation in the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of $273.20, provided the resistance of $310.00 holds on.
Trend forecast: Likely Bearish