SalesforceLong
CRM potential Breakout to 424+
CRM is setting up for a classic bullish breakout trade, showing multiple strong technical patterns that align with a high-probability long setup. The short-term moving average has crossed above the long-term moving average, a strong bullish signal indicating sustained momentum. CRM has shown strong bullish momentum, confirmed by multiple technical patterns. Look for increased volume on the breakout above $348 to confirm the move. The trade offers an attractive risk-to-reward ratio of at least 1:3, depending on the stop placement.
Ascending Triangle
Higher lows are forming as buyers step in at increasing levels, while resistance remains flat at $348. This shows accumulation and strong bullish sentiment.
Breakout Target: $348 + $76 = $424
Targets:
First Target: $400 (psychological level).
Final Target: $424
Trail stops once the first target is hit to lock in profits.
I will enter this week a position (options) and will update this post accordingly.
Ascending Triangle
Higher lows are forming as buyers step in at increasing levels, while resistance remains flat at $348. This shows accumulation and strong bullish sentiment.
Breakout Target: $348 + $76 = $424
Targets:
First Target: $400 (psychological level).
Final Target: $424
Trail stops once the first target is hit to lock in profits.
I will enter this week a position (options) and will update this post accordingly.
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