CRM traded to 184.42 today after an Earnings Beat. At 176.33 as I write this.
Price broke through the resistance line of the channel down.
Daily chart.
Right this second there is a candle with a long top wick and no bottom shadow. This can change by market close.
Candles have a habit of forming a bottom shadow, be it today or tomorrow or next week. Bullish so far as it has not traded below the open which gapped price to the upside.
Almost half of securities with good earnings or good news peak in 2 weeks or less in a bull market. I do not think we are in a bull market anymore but a great move for CRM.
Be safe//Laura
Price broke through the resistance line of the channel down.
Daily chart.
Right this second there is a candle with a long top wick and no bottom shadow. This can change by market close.
Candles have a habit of forming a bottom shadow, be it today or tomorrow or next week. Bullish so far as it has not traded below the open which gapped price to the upside.
Almost half of securities with good earnings or good news peak in 2 weeks or less in a bull market. I do not think we are in a bull market anymore but a great move for CRM.
Be safe//Laura
Note
I think this will rally up short term with the rest of the market. I hope so (o:Note
2-3Bearish rising wedge that is not valid yet/ bottom trendline is not broken at 151ish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.