Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

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

Looking at the CRWD‘s chart, we can see that last week, after its announced worst-than-expected quarterly earnings and future outlook, the share price has collapsed from around $138 to around $109 whereas it was lastly traded at around $113.20!

If it manages to hold above its support level of $110 today, we could expect the price to rise towards tis first resistance level at around $124-125 otherwise it should fall to a new 52W low price.

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