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Juliac
Jul 29, 2022 7:43 PM

CRM - Bullish Divergence on Monthly 

Salesforce, Inc.NYSE

Description

CRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up.
It then traded sideways in the past 2 months, forming a symmetrical triangle.

With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend.

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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