CRWD has a bullish technical setup (upward channel) driven by the fundamental theme of companies owning their own AI and requiring security for that IP.

Yes, I mean first and foremost you have to like the graph. You should like the numbers, and when you think about security, there's something I've talked about a lot in these stocks, and that's the idea that a lot of people, or I should say a lot of companies, are looking to own their own intelligence.

They want to bring it in. We have seen, I think, the second largest law firm in the country, you know , and some of these accounting firms . They are bringing in artificial intelligence instead of paying companies like OpenAI, Anthropic, and others .

They own it themselves. And if you think about it, if they have all their intellectual property and everything there, they need to protect it. This is where CrowdStrike comes in, and I think the chart represents that.

I mean, today we have "Quad Witching" . It's a rather strange day today, but over the past two months , going back to what Rick is looking at in the chart here. It was one of the strongest stocks out there.

Cybersecurity stocks saw a slight decline today. But as we can see here, we are down about 3%, but as Tim just pointed out, you can't argue that the channel is clearly trending upwards. certainly.

There is indeed a pullback, but if you look at the move from our lowest point at 85.68, we have risen by 177 %. So, a very strong upward movement here to illustrate the shape of our channel.

We pass through these bottoms, repeat them , and place them through those peaks. They match fairly well . It's certainly not something that will work every time or guarantee any kind of resistance or support, but it's an easy way to predict potential support and resistance here.

In this case, we have already made an upward movement. 250.32 is the level we reached as a peak. Now we have a larger red candle that brings us back down within the limits of our channel.

Other horizontal levels to watch out for include a recurring high point around 227. We also have this area here in the lower 230 range that almost matched a peak and trough. Here, the low point we had initially after our upward gap at 206, plus 192 where the earnings gap began .

Therefore, horizontal levels must be taken into account on our chart. At the same time, we can see that our short-term blue trend line is still almost in place here. Our dark blue 5-day exponential moving average at 236.43 is where it is located.

If we go further down, the 21-day exponential moving average at 220.45 is the next most important moving average, representing one month of trading activity. The Relative Strength Index (RSI) is triangular in shape; a red trend line points downwards, and a short-term green trend line points upwards here.

We are above the 50 midline at 60.30, so there is more upward bias at the moment. Finally, our analysis of the trading volume profile shows that we have a knot here. This is closest to our current activity.

From approximately 205 to 216 is the level at which we record intense trading activity . Also note the numerous surges in trading volume here. The trading volume is very heavy during these days following the earnings, which is often a sign of strong conviction among traders in this upward trend.

Currently, the price of CrowdStrike is 237.55. Again, with a slight decline of approximately 3.3%.