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MarthaStokesCMT-TechniTrader

CRM Setting Up for Earnings Next Week

Long
Salesforce (NYSE:CRM)  
MarthaStokesCMT-TechniTrader  
NYSE:CRM   Salesforce
Candlestick Analysis Support and Resistance Technical Indicators CRM earningsanalysis pre-earnings volumeanalysis NVDA gap buyzone support bottomformation
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candlestick supportandresistance indicator crm earningsanalysis pre-earnings volumeanalysis nvda gap buyzone support bottomformation
CRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying.

Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation.

NVDA had a similar pattern and gapped up on its earnings release news.
Martha Stokes, CMT
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