$CRWD: Down trend expired as a failure...

CrowdStrike offers a high reward to risk setup here, buying into strength after the recent daily timeframe down trend signal has expired without hitting the target in time, this type of scenario warrants a mean reversion move back to the distribution area where the move started from a few weeks ago, in a similar amount of time as the projected decline. I like that analysts who used to be bullish on the way down have capitulated and turned pessimistic on the stock as a bonus here.

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I don't think this one will hold up, after today's action. Everything is looking like a dead cat bounce by now...Better be in cash and wait.