Headline: CrowdStrike Shares Surge on Cybersecurity Demand, Technicals Signal Further Upside

Key Takeaways:

* CrowdStrike (CRWD) rallied over 9% on news of a cyberattack on Chinese AI startup DeepSeek.
* Technical analysis indicates a breakout above a rectangle formation, suggesting potential for further gains.
* The bars pattern tool projects an upside target of $735, representing an 80% increase from current levels.
* Investors should monitor key support levels at $378 and $338 during pullbacks.

Technical Analysis:

* CrowdStrike shares broke out above the resistance trendline of a rectangle formation on Tuesday, accompanied by significant volume.
* The relative strength index (RSI) is above 70, indicating bullish momentum but also potential overbought conditions.

Upside Target:

* Using the bars pattern tool, the anticipated upside target is approximately $735, based on the prior trending period from October 2023 to February 2024.

Support Levels:

* During profit-taking, investors should observe the $378 support level, representing the top trendline of the rectangle formation.
* If support at $378 fails, the next potential support level is around $338, coinciding with a prominent peak from February 2024.

Disclaimer:

The information provided is for informational purposes only and should not be construed as investment advice. Consult with a financial professional before making any investment decisions.