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leslieyimsm

CRM: Could be breaking out of the consolidation soon!

Long
Salesforce (NYSE:CRM)  
leslieyimsm Updated   
NYSE:CRM   Salesforce
Trend Analysis Chart Patterns salesforce salesforcelong CRM chartanalysis Technical Analysis
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trendanalysis chartpattern salesforce salesforcelong crm chartanalysis technicalanalysis
Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months.

CRM will be reporting their Earnings on 25th, and price could gap up.

Stop loss can be placed below $237 .
Target will be at $270.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Comment:
Basing on the 1H chart, looks like there are a lot of sellers being trapped. Volume isn't confirming this morning's selloff.

Might be a good time to enter now
Trade closed: target reached:
Nice gap up yesterday!
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