AB = CD

30 nov 2020

CRM broke up from a rising narrowing wedge...

Quite an acheivement as stocks do not break up from a rising wedge often, but it is possible...

Bearish until bottom is found..targets listed for possible journey down but may stop falling at any time. D would be the usual fall but the fib levels can take it lower..

Just an observation

8 dic 2020

Nota

a lot of insider selling noted

13 dic 2020

Nota

If AB ends up equaling CD, this one has a ways to go down. It could stop short of the true D and morph in to a harmonic pattern ..remains to be seen

6 gen 2021

Nota

When this pattern reaches D, wherever that may be, it may be a good trade to the upside. CD can equal the AB leg but there are also extensions down lower. ABCD patterns are repetitive and aa part of other harmonic patterns like Gartley and Butterfly. CRM broke up and out of a bearish rising wedge which does happen, but most of the time price breaks down from a rising and narrowing wedge. Price does not usually hold strongly when a rising wedge is under it and was never corrected (IE, a break of the bottom trendline and a pullback) CRM never dipped out of the RW, and still has not even with this deep pull back. Then again, a rising wedge is not valid until bottom trendline is broken, but in the end I have found they usually break.

7 gen 2021

Nota

I see a M..so it will possibly go up when D is found

12 gen 2021

Nota

CRM is closing in on breaking RW that was there before it was added to the DOW. Maybe it will correct after that and be buyable again