Salesforce
Updated

Channel Down Resistance

174
CRM hit the resistance of the top trendline of the channel down. Possible cup forming which may help this scenario. Remains to be seen.

The channel down trendlines do seem to be narrowing somewhat which is somewhat bullish.

The 50, 100 and 200 day moving averages are trying to tangle.
Neutral/no recommendation
Note
CRM needs a volume spike.

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