Potential Short Sell: CRM - Salesforce.com
A strong resistance line at RSI 38 in the daily chart. Price break away from priceline indicate a strong bullish momentum.
A potential chance to sell short will be when the RSI re-bounce away from the 38. Since the price already break away from priceline, a new priceline and RSI resistance might be created in the next few weeks (which means RSI 38 will no longer be the RSI resistance) and short sellers have to determine a new resistance for entry. From then on, price will decelerate at a rapid speed and a trailing stop-loss (around 10%) will be a good strategy to maximize profit target.
*Above mentioned is only my own opinion. Please bid at your own risk should you take in my idea. Thank you and have a nice week! =)
A potential chance to sell short will be when the RSI re-bounce away from the 38. Since the price already break away from priceline, a new priceline and RSI resistance might be created in the next few weeks (which means RSI 38 will no longer be the RSI resistance) and short sellers have to determine a new resistance for entry. From then on, price will decelerate at a rapid speed and a trailing stop-loss (around 10%) will be a good strategy to maximize profit target.
*Above mentioned is only my own opinion. Please bid at your own risk should you take in my idea. Thank you and have a nice week! =)
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.