The price is confirmed today being very tired and I solute its strength last few sessions. I'm short and will add more tomorrow at and above 169.90 with target price $161.90 and stop loss of 2% above entry level $173.35
CRM just busted above over-head resistance on an ascending triangle formation. Measured moves for three parts of that triangle are projected into the future with prices and dates. I have no idea if they will come to be but many times charts have symmetrical moves.
Last week, we called a buy if price closes above 168 area. The bullish triangle is suggesting a possible target of $205 while FIB extn also suggests the same target price (1.618) stop loss at $156. long term investors good to lower that to $140. 200ma rising, 50ma rising, and only RSI is overbought levels which suggests wait for pull back.
Coming out of a cup&handle base CRM is pushing to new highs and could keep going in coming weeks.
This bullish triangle deserves close monitoring, once it breaks out target price $205 with stop loss at 140
It seems like CRM has formed a reverse head & shoulder formation. This could just be the start of a sideways movement though. I am short CRM due to fundamentals but will follow this formation. Any input will be appreciated
Sold the $125 PUT for $2.05 Stock price was at about $148.90 Buffer if the stock drops to $125 is 16% Net return 26% for the month
Difficulty understanding why CRM doesn't use IAAP!! The trendline remains intact.
I'm shorting this one, with a P/E ration of 651, that is just ridiculous....