CRM: Could be breaking out of the consolidation soon!

Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months.

CRM will be reporting their Earnings on 25th, and price could gap up.

Stop loss can be placed below $237 .
Target will be at $270.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Kommentar:

Basing on the 1H chart, looks like there are a lot of sellers being trapped. Volume isn't confirming this morning's selloff.

Might be a good time to enter now

Trade geschlossen: Ziel wurde erreicht:

Nice gap up yesterday!