I like how $CRM is forming this bullish pennant formation and is holding up well under the market's selling pressure. I also like how it looks to want to hold the 21 day MA. I'll be watching this for a potential entry on 1. a break above the down trend line, 2. a good market and 3. increased buying volume. If I make this trade it will be a smaller than normal position and will have a tight stop. This market is shaky right now so extra caution is warranted. Ideas, not trading / investing advice.
Trade active:
9/22 - Just opened a starter position here in $CRM. It's on my buy range and is getting a lot of buying volume on the 5 min chart her at 12:30 PST Fill Price $247.90. As mentioned above, I'll have a tight stop on this just below today's low. I'll be looking to add to the position if and when the market gives me that tailwind.
Trade closed: stop reached:
Stopped out. Will look for new entry in stronger market.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.