CRM appears to be struggling big time at the neck line. 2 strikes so far.
Long entry level is a break of the neckline with an uptrend in tact.
Inverse head and shoulder bottoms usually do well in a bull market, but not so hot in a bear market.
Possible stop below 223.60 or last pivot low. or the lowest shoulder depending on how conservative you are with stops.
The top wicks on the 2 attempts to break the neckline are long with one resembling a shooting star. The bulls fought to get price to the top of the top wick, but the bear took took them to a price below the open that day which is the top of the body on a red candle. The top wick representing the high of the day and the bottom shadow/wick representing the low for the session.
No recommendation
Long entry level is a break of the neckline with an uptrend in tact.
Inverse head and shoulder bottoms usually do well in a bull market, but not so hot in a bear market.
Possible stop below 223.60 or last pivot low. or the lowest shoulder depending on how conservative you are with stops.
The top wicks on the 2 attempts to break the neckline are long with one resembling a shooting star. The bulls fought to get price to the top of the top wick, but the bear took took them to a price below the open that day which is the top of the body on a red candle. The top wick representing the high of the day and the bottom shadow/wick representing the low for the session.
No recommendation
Note
Look behind youNote
This has broken the neckline. Once price breaks the neckline, the former resistance of the neckline becomes a level of support. And in reality, long entry level is the neckline and an uptrend, so somewhere under the neckline can become a good stop level at this point. Granted, I do not always wait until long entry level if I have a feeling, but there have been times that I wish I had as price did not ever reach long entry level and I would have saved myself from tying up cash had I waited. Guess "feelings" are not always correct (o:Note
6/30 Struggling like stocks do when they break up from a rising wedge. Seems price is a struggle once the wedges are broken and the security comes back down to earth. A RW represents too many buyers. Buyers become sellers and it does not matter how great the stock is, just seems to always happen, eventually. I do think CRM will pull through (o:
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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.