📈 Salesforce (CRM) – From Base to Breakout
Back in 2023, CRM was trading in the $222–$233 range — a textbook accumulation zone that set the stage for what we’re seeing now. Fast forward, and the stock has broken above long-term resistance, pushing past the $375 level and heading toward key Fibonacci extension targets at $434 and $470.
This breakout isn’t just about price; it’s a case study in patience, technical alignment, and respecting the base-building process. Strong trend structure, clean breakout, and momentum all point to sustained strength — as long as the breakout holds above $346.
The lesson here?
Identify the base early
Watch for structural breakouts
Let momentum work in your favor
Markets reward those who prepare during quiet periods.
#Trading #TechnicalAnalysis #Stocks #Investing #MarketInsights #CRM #Salesforce #Breakout
Back in 2023, CRM was trading in the $222–$233 range — a textbook accumulation zone that set the stage for what we’re seeing now. Fast forward, and the stock has broken above long-term resistance, pushing past the $375 level and heading toward key Fibonacci extension targets at $434 and $470.
This breakout isn’t just about price; it’s a case study in patience, technical alignment, and respecting the base-building process. Strong trend structure, clean breakout, and momentum all point to sustained strength — as long as the breakout holds above $346.
The lesson here?
Identify the base early
Watch for structural breakouts
Let momentum work in your favor
Markets reward those who prepare during quiet periods.
#Trading #TechnicalAnalysis #Stocks #Investing #MarketInsights #CRM #Salesforce #Breakout
Note
Above note is for the future :D
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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.