Always had this other box down the road.... but didn't think it would happen this fast. A rebound is bound to happen any day now. Getting real oversold now.
So, CRM traded After Hours yesterday around the low $148s after earnings until all the Analysts upgraded their price targets this morning.
That said, the stock opened at $153~ish. Well I think the first A wave down is still on going and we will be heading to the C wave of the first ABC (A), i'm thinking its going to be a 3-3-5.
That said, Friday, I am...
Price is in buy range for bull flag? Stay cautious because of BTC and overall market. If it starts rallying mid-way, might be indicator it's going to continue.
Now I'm no expert EW tactician but this is what I see. Using Fib Retracements, it appears that we may be on a larger time frame's C wave down. It will take a few weeks to months to play out in my opinion.
We also see bearish divergences in the RSI. Last time this happened was months ago.
2-3 week target is 23,500
