Today’s instrument is CrowdStrike Holdings Inc.‘s stock traded on the Nasdaq exchange under the ticker CRWD. 

When we look at the CRWD ‘s chart, we can see the fall from the $170 range on the 31st of May to the low of $158 on the 1st of June where it formed support, enabling the move from the $164 range on June 2nd to the high of $176 but unable to keep rising it returned to the $166 where it closed. On Friday the 3rd, it attempted to move higher, reaching momentarily the $171 range but ultimately it fell based near the $162 range where it was last found trading.

Today we can expect a move towards the $158 support level, possibly falling below, in the $155 range.

If however, it manages to hold on to the current level then a move towards the $171 can be expected.

(Click on image to enlarge)