"CrowdStrike has been one of the post-Covid darlings, up more than 400% off its March 2020 bottom" says Kevin Horner. He believes that the move this past month is significant as the uptrend line of the past 18 months has been broken, which can indicate a bearish signal. Additionally, he weighs in on Booking Holdings (BKNG) stock that is still up 80% off the Covid bottom in March 2020. "The interesting aspect of the current chart is that the chart shows a break of this 18 month-ling trendline, but today’s rally has pushed it right into this very same line," he adds.
07 Dec 2021