Salesforce is offering a 3R short if the market doesn't have a gap down open.
This is a discretionary short-
Entry: Market
Target: 74.00
Stop: 79.94 (new pivot high and above earnings resistance)
Three things that make this a nice short for me include:
1. The 5/13 MA bearish cross from the high, which has not seen a bullish rebuttal since.
2. Price's rejection from the Earnings Level ceiling
3. Price is below a high volume node, with a weekly range expansion that has not had its open taken out.
GL!
This is a discretionary short-
Entry: Market
Target: 74.00
Stop: 79.94 (new pivot high and above earnings resistance)
Three things that make this a nice short for me include:
1. The 5/13 MA bearish cross from the high, which has not seen a bullish rebuttal since.
2. Price's rejection from the Earnings Level ceiling
3. Price is below a high volume node, with a weekly range expansion that has not had its open taken out.
GL!
Trade closed: target reached:
Full profits