CrowdStrike released earnings last night, but what was more important to investors was the message following the software glitch that crashed thousands of computers around the world in July.

At first, investors were somewhat calmed, but pre-market indications suggest CrowdStrike's share price is set to open 2% lower. This is below the support at around 260.75.

If CrowdStrike closes below this level, the downtrend is likely to resume, with the potential to also break the support at 247.55 and trade lower in the coming days and weeks.

The strength indicator RSI is still showing negative sentiment, and if it closes back below the 40 threshold, the bearish picture will be confirmed.

To establish a bullish trend, a daily close above 278.50 is required.

Source: Saxo Group
Note: Author is a shareholder in CrowdStrike