Outage of World Wide Services – Crowdstrike
Hello Traders,
The latest security update from the global cybersecurity giant caused a major service disruption today, Friday. This has affected globally such that companies like Microsoft, various stock exchanges, major banks, media companies, airports and airlines in Asia-Pacific, US and Europe; payment systems, supermarket services, emergency services and 911, etc. have been affected and have had to proceed to rollback the failed update on Windows servers. From the Australian opening to the European opening there have been disruptions in both stock markets. The London Stock Exchange has started its session with delays.
If we look at Crowdstrike's chart we can see how the firm has been climbing positions since October 2023. During this month of July, the firm has been falling to the previous resistance zone in the area of $343.05, it is possible that after today's security debacle its value will be affected at the American opening. Looking at the RSI currently at 35.14% which could lead to another correction and a possible return to the mean from 30% if we follow the technical thinking. The volume bell with a triple bell shape places the most traded area in the $150 zone, so we could anticipate a correction, before the search for new highs.
How far do you think the correction will affect? I look forward to your comments
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
The latest security update from the global cybersecurity giant caused a major service disruption today, Friday. This has affected globally such that companies like Microsoft, various stock exchanges, major banks, media companies, airports and airlines in Asia-Pacific, US and Europe; payment systems, supermarket services, emergency services and 911, etc. have been affected and have had to proceed to rollback the failed update on Windows servers. From the Australian opening to the European opening there have been disruptions in both stock markets. The London Stock Exchange has started its session with delays.
If we look at Crowdstrike's chart we can see how the firm has been climbing positions since October 2023. During this month of July, the firm has been falling to the previous resistance zone in the area of $343.05, it is possible that after today's security debacle its value will be affected at the American opening. Looking at the RSI currently at 35.14% which could lead to another correction and a possible return to the mean from 30% if we follow the technical thinking. The volume bell with a triple bell shape places the most traded area in the $150 zone, so we could anticipate a correction, before the search for new highs.
How far do you think the correction will affect? I look forward to your comments
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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