$CRM Chart (Per Request)
A follower asked about 
CRM chart, so here it is. Salesforce been in a down sloping parallel channel since September of last year. If you flip to the weekly bars, the pullback looks like a bull flag after a big rally from March 2020 bottom. That said, the decline from the highs is about 30% which is a bit deep to my likings. Also, if you have been following me for a while, this type of trading is not my style.
The stock is trading around the bottom of the channel, so the more probable scenario is a bounce attempt back to the upper channel boundary. A trade could be taken here with a stop below the low from few days ago.
CRM chart, so here it is. Salesforce been in a down sloping parallel channel since September of last year. If you flip to the weekly bars, the pullback looks like a bull flag after a big rally from March 2020 bottom. That said, the decline from the highs is about 30% which is a bit deep to my likings. Also, if you have been following me for a while, this type of trading is not my style. The stock is trading around the bottom of the channel, so the more probable scenario is a bounce attempt back to the upper channel boundary. A trade could be taken here with a stop below the low from few days ago.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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