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proxynoorigin
Dec 14, 2019 6:35 PM

CRM - possible long swing trade as $SPX pushes higher Long

Salesforce, Inc.NYSE

Description

Salesforce has twice before made strong 100% moves, after breaking of 2+ years of sideways range consolidations. These moves coincided with the SPX breaking out higher in 2012 and late 2016.

Watching for a CRM monthly close above $165.35 and hold above that level for possible start of third run up. Another equal 100% move target would be just above $330.
Comments
rgfinance
Interesting analysis
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