Weekly Chart – Cup and Handle Formation
• The stock has formed a classic cup and handle pattern on the weekly timeframe.
• Moving Averages (20 & 150) are trending upwards, supporting bullish momentum.
• After breaking out, CRM retested the breakout level as support and is now showing signs of continuation.
• The potential long-term target stands at +60% upside, aligning with the measured move projection.
Daily Chart – Consolidation & Breakout Retest
• The stock is currently trading within a converging channel, stabilizing near the breakout level.
• A wick rejection at the breakout price suggests strong demand at this level.
• Stochastic oscillator is turning upwards, indicating the start of a potential bullish cycle.
Final Thoughts
If momentum continues, CRM has the potential for a strong bullish move. Watching for confirmation and volume increase on continuation.
What’s your take on this setup? Let me know in the comments!
• The stock has formed a classic cup and handle pattern on the weekly timeframe.
• Moving Averages (20 & 150) are trending upwards, supporting bullish momentum.
• After breaking out, CRM retested the breakout level as support and is now showing signs of continuation.
• The potential long-term target stands at +60% upside, aligning with the measured move projection.
Daily Chart – Consolidation & Breakout Retest
• The stock is currently trading within a converging channel, stabilizing near the breakout level.
• A wick rejection at the breakout price suggests strong demand at this level.
• Stochastic oscillator is turning upwards, indicating the start of a potential bullish cycle.
Final Thoughts
If momentum continues, CRM has the potential for a strong bullish move. Watching for confirmation and volume increase on continuation.
What’s your take on this setup? Let me know in the comments!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.