Hello Traders!
Salesforce earnings are on its way Dec. 1st.
I feel as though CRM still has room to run towards my two entry points.
Entry #1: I don't want to miss the bullish run so I have a riskier entry here.
Entry #2: This entry will be if I decide to take a less riskier approach if I don't feel like the odds are in my favor at the open.
CRM is approaching the oversold on the RSI so I am waiting to see bearish weakness. Patience its not there yet.
My first price tsrget will be a test of the 50EMA. Then the resistance level at $270. I will be selling my contracts should I decide to enter before earnings are announced.
DISCLAIMER: I am not a financial advisor and all charts posted are for educational purposes only.
Salesforce earnings are on its way Dec. 1st.
I feel as though CRM still has room to run towards my two entry points.
Entry #1: I don't want to miss the bullish run so I have a riskier entry here.
Entry #2: This entry will be if I decide to take a less riskier approach if I don't feel like the odds are in my favor at the open.
CRM is approaching the oversold on the RSI so I am waiting to see bearish weakness. Patience its not there yet.
My first price tsrget will be a test of the 50EMA. Then the resistance level at $270. I will be selling my contracts should I decide to enter before earnings are announced.
DISCLAIMER: I am not a financial advisor and all charts posted are for educational purposes only.
Order cancelled:
Never entered the Trade. Didn't like price action. It was my first time looking and marking up CRM so I overlooked a lot of things. On to the next trade!