curtmelonopoly

All-Time Highs After #Earnings Call

Long
NYSE:CRM   Salesforce
Price has established new all-time highs at 121.15 during premarket after an earnings call. Look out for a possible breakout continuation.

Technicals:
1. Trading 120.90 in premarket as of writing, up 4%
2. Price has gradually corrected onto its 200, 100, and 20 MA's, re-testing each point as it has consolidated into a new up-channel
3. MACD: After completing out its bull run (red arrow signifies completion point), the MACD has been in a pocket of indecision

Fundamentals:
https://finance.yahoo.com/video/salesforces-fourth-quarter-beat-cloud-114100650.html?.tsrc=rss

For the complete technical analysis on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: compoundtrading.com/...g-periodical-contact
Comment:
*Previous* bull run

Compound Trading Group | Founder

New World Ecosystems of Decentralized Finance

#DeFi #MachineTrading #Crypto
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.