CRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up.
It then traded sideways in the past 2 months, forming a symmetrical triangle.
With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
It then traded sideways in the past 2 months, forming a symmetrical triangle.
With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!