Cup is forming, but has done so before and failed during this channel down. I am watching this one closely and will update when channel line is broken. If you are watching this and I forget, please remind me. (o:
I have a whopping one share to eyeball this. If I felt totally confident, I would have more. CRM has failed at the channel upper trendline a few times. CRM broke up from a bearish rising wedge when it entered the DOW< doing well short term, yet sealit a long drop in the long term. Best we can do is enter close to support.
Like a triangle, or a rectangle, after a certain amount of tries, the security will break one way or the other. There should be strong gap support.
Will she stay or will she go?
No recommendation.
The only thing that never changes is change
I have a whopping one share to eyeball this. If I felt totally confident, I would have more. CRM has failed at the channel upper trendline a few times. CRM broke up from a bearish rising wedge when it entered the DOW< doing well short term, yet sealit a long drop in the long term. Best we can do is enter close to support.
Like a triangle, or a rectangle, after a certain amount of tries, the security will break one way or the other. There should be strong gap support.
Will she stay or will she go?
No recommendation.
The only thing that never changes is change
Note
To clarify, a channel down is not always bearish. I have seen a lot of securities break up from the channel. Tis a challenge though and will take volume
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.
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.