CRM break up of consolidationThis cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation at $56.63. Target could be $63 where previous up trend was broken.
Cloud
CRM bear flagCRM has been showing relative weakness after the breakout failure in February that started deeper correction. The stock has lost support of all moving averages and spend descent ampount of time below 200 moving average.
A break below $48 could resolve this bear flag pattern to downside. Stop could be placed above $54 where the 200 EMA comes in play. Target could be at $36 where we have June 2013 support.