kaysonchan
Short

Potential Short Sell: CRM - Salesforce.com

NYSE:CRM   SALESFORCE COM INC
64 1 1
A strong resistance line at RSI 38 in the daily chart . Price break away from priceline indicate a strong bullish momentum .
A potential chance to sell short will be when the RSI re-bounce away from the 38. Since the price already break away from priceline, a new priceline and RSI resistance might be created in the next few weeks (which means RSI 38 will no longer be the RSI resistance) and short sellers have to determine a new resistance for entry. From then on, price will decelerate at a rapid speed and a trailing stop-loss (around 10%) will be a good strategy to maximize profit target.

*Above mentioned is only my own opinion. Please bid at your own risk should you take in my idea. Thank you and have a nice week! =)
kaysonchan
10 months ago
Sorry. Typo: i mean a bearish momentum.. Long term chart is also showing a break below RSI 50. Complement trade signal with NYSE general market chart will be a good confirmation.
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