Morning Trend | CrowdStrike Plummets to a Critical Point, Are Short Sellers Closing In on an Opportunity?
CrowdStrike (CRWD.US) has seen a surge in short-term bearish sentiment, with the stock price plummeting to near previous lows due to a market pullback and sector weakness yesterday. Although there was some unusual activity from protective forces in the afternoon, the overall support was not strong, and trading volume remained high compared to previous peaks. Discussions in the trading community are lively, with some seasoned players believing that there is a clear tendency for large funds to short the stock, and there is still a risk of further declines. However, after three consecutive days of significant short-term declines, there is also a possibility that experienced traders may position themselves for a rebound. Currently, the stock price has not stabilized above the lower moving averages, and the sustainability of the main protective forces will be a watershed for the short-term market. If there is a volume contraction and stabilization during today's trading, combined with significant active buying in intraday movements, it may attract some funds to bet on a low buy-back rebound. However, if the decline continues with increasing volume, new lows cannot be ruled out, and caution should be exercised regarding the risks of missing out and chasing the decline in the short term. In summary, the current direction of the main forces remains bearish, and with limited downside potential, it is advisable to wait for a clear signal from the funds. There may be opportunities for short-term rebounds, but overall position control and intraday tracking should not be neglected to avoid being caught in a counter-trend position
Technical Forecast·
