NickCoulby
Short

Daily short in Salesforce

NYSE:CRM   SALESFORCE.COM INC
51 3 1
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!
Trade closed: target reached: Full profits
Target Achieved
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Did you book this?
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NickCoulby PRO IvanLabrie
Short at open.. Risk parameters changed, but the RE still skewed risk to a 2.4R at time of short to target
snapshot
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