CrowdStrike is indicated 3.8% down pre-Market to open at 249 on back of the news that Delta Air Lines plans to claim compensation for the erroneous software update that caused Delta to cancel 1000’s of flights. 

CrowdStrike has already lost 25% since the news about the erroneous software that caused worldwide disruptions and has taken out several support. Next key support is at around 238.40. If CrowdStrike closes below 238.40 then there is downside potential to around 220

For CrowdStrike to have a chance of a rebound it needs to close above 262. If that occurs there could be rebound potential to the 200 Moving Average currently around 292. Strong resistance at around 305.58

The strength indicator RSI showing negative sentiment but also in oversold territory showing divergence (RSI values are not declining with the share price as illustrated by rising blue line) i.e., selling pressure is in exhaustive mode.
However, that does not mean the share price cannot drop further. More companies might claim compensation in the millions. or billions.  Be aware of catching a falling knife.

Next few days can be decisive.  CrowdStrike Q2 earnings planned to be released 28th August.

Source all charts and data: Saxo Group
Disclaimer: Author is unfortunately holding a position in this stock