CRM has been runnning a very long term Bullish reversal pattern
If we take previous High of 306 as the base of Fib retracement then we are right at the golden fib pocket which is confirming a bullish reversal
After last good earnings it made a high of 224 and then made a low of 205 .
Right now its in kind of a accumulating mode where 205 is being tested multiple times.
As per the trend we are at the bottom of the channel and there can be a potential breakout
Entry @ 205-209 area
TP1 @ 224
TP2 @237
SL @ 197
If we take previous High of 306 as the base of Fib retracement then we are right at the golden fib pocket which is confirming a bullish reversal
After last good earnings it made a high of 224 and then made a low of 205 .
Right now its in kind of a accumulating mode where 205 is being tested multiple times.
As per the trend we are at the bottom of the channel and there can be a potential breakout
Entry @ 205-209 area
TP1 @ 224
TP2 @237
SL @ 197