CRM trade ideas
CRM Headed HigherPerfect bull flag. Target #1 - $172 Target #2 - $183. However, I'll exit regardless prior to earnings or if there is a reason to sell such as a breakdown. I am long. While I believe this is a great entry point, if not already long, I urge you to do your own research, I do not give investment advise.
CRM: xABCD formation completion, -30% downsidePotential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
Another Textbook Market Cycle: Short CRMAfter an asset goes on an exponential run-up, it has a major correction. CRM looks poised to plummet over the next few months, as it has formed a very nice short opportunity here at $142. This chart is very similar to Bitcoin, in January of 2018.
CRM looks to be stopped out by the 100MA (white line) as well. It looks very similar to the S&P in early December, before its major plunge.