CrowdStrike shares (CRWD) are in the spotlight this week, with the cybersecurity giant set to disclose its 澳洲幸运5官方开奖结果体彩网:fiscal 2025 second-quarter results after the closing bell on Wednesday. Investors will have particular interest in the report, given it’s the first opportunity to assess the financial impact of an erroneous software update carried out by the company that 澳洲幸运5官方开奖结果体彩网:caused a global IT outage last month.

Despite the stock selling off sharply after the incident, it has recovered 35% from its recent August low amid growing consensus among analysts that the impact of the outage 澳洲幸运5官方开奖结果体🤪🎐彩网:may be limited and already priced into the shares.

Below, we look over the 澳洲幸运5官方开奖结果体彩网:technicals on CrowdStrike’s 澳洲幸运5官方开奖结果体彩网:weekly chart and point out crucial price levels to watch as the cybersecurity giant prepares to release i♏ts quarterly report.

Bullish Piercing Pattern Shifts Momentum

Since undergoing a strong intraday reversal from the 200-week moving average (MA) to complete a 澳洲幸运5官方开奖结果体彩网:piercing pattern earlier this month, CrowdStrike shares have continued to gain ground. Importantly, the bullish two-bar 澳洲幸运5官方开奖结果体彩网:candlestick formation h🍸as helped shift momentum leading into the company’s earnings report.

Looking 📖ahead, investors should monitor several important price levels likely to at𓃲tract interest amid CrowdStrike’s looming earnings report.

Lower Price Levels in Focus

A pullback from current levels could see the shares initially fall to the $235 area, a location where the price may find support from the prominent April 澳洲幸运5官方开奖结果体彩网:countertrend h♏igh that formed towards the start of the stock’꧋s down-trending move from October 2021 to January last year.

Ongoing selling may lead to a retest of this month’s low around $201, a region that has previously found a 澳洲幸运5官方开奖结果体彩网:confluence of support from 🌱August 2022 peak and the upward sloping 200-week MA.

Overhead Price Levels in Play

Further upside could see the shares climb to $285, an area on the chart just above the 50-week MA where investors may look to place sell orders near a trendline linking two peaks in August and October 2021 with the April 2024 澳洲幸运5官方开奖结果体彩网:swing low.

A convincing move above this level could fuel a move up to $330, where the shares may encounter overhead 澳洲幸运5官方开奖结果体彩网:resistance near a period of narrow 澳洲幸运5官方开奖结果体彩网:consolidation that formed on the chart between ♉early♛ February and late March this year.

Longer-Term Price Target

We can project a longer-term 澳洲幸运5官方开奖结果体彩网:price target by using a bars pattern. We do this by taking the stock’s strong pandemic trending move from March 2020 to February 2021 and position it from this month's low, which forecasts a target of around $1,205. We selected this trending move as it followed a steep five week 澳洲幸运5官方开奖结果体彩网:correction of around 50%,sim🌳ilar in size to CrowdStrike’s recent five-week drop.

CrowdStrike shares were up 0.3% at $272.43 about two hours before Monday's opening bell.

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