Momentum is riding with this one as well as a rising wedge. CRM has has dipped briefly out of rising wedge when under 195ish.
Perhaps it will not break through any further.
Rising wedges are bearish. Too many buyers without healthy pull backs, leaves no buyers when selling starts. But who knows when that will be? Could hit some targets before or if it ever happens. WDAY has fallen from it's rising wedge already and seems to have recovered. Seems safer to me. We are all different though
Not a recommendation
Perhaps it will not break through any further.
Rising wedges are bearish. Too many buyers without healthy pull backs, leaves no buyers when selling starts. But who knows when that will be? Could hit some targets before or if it ever happens. WDAY has fallen from it's rising wedge already and seems to have recovered. Seems safer to me. We are all different though
Not a recommendation
Note
I see S today at top trendline of A Triangle at 199.5ish to 200Note
Coorection. I was looking at wday. I get these 2 mixed up. Sorry. There is no A triangle on crm's chart recently. Seems CRM is filling a gap up.Note
One of the few that broke up from a rising wedge when addition to the Dow was announced. Be safe on this one.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.