CRM on strong resistance but watch out for earnings report!

26 nov 2019

SHORT - CRM
SL: 166.46 (Suggested by our algorithmic system)
TP: 156.15 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Bearish divergence on OBV, Accumulation/Distribution and MACD

2. Price on strong resistance level

CAUTION: Earning report is due in a few days!


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/G59f8WJ (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

4 dic 2019

Trade chiuso: obiettivo raggiunto