Weekly Chart Analysis (The Secret Accumulation):
After a nasty markdown from the highs, CRM entered a wide trading range between roughly $230 and $290. This is classic Wyckoff Accumulation (Phase B) behavior.
Support & Resistance Levels
Next Week (July 28 - August 1, 2025):
Support: Immediate support lies around $265. The key pivot low to hold is $255.
Resistance: The first hurdle is the prior swing high around $275. The main target is the top of the accumulation range near $290.
Next Month (to end of August 2025):
Support: The entire structure is supported by the range low around $230.
Resistance: A breakout above $290 would confirm the start of a new markup phase (Phase D), with little resistance until well above $300.
After a nasty markdown from the highs, CRM entered a wide trading range between roughly $230 and $290. This is classic Wyckoff Accumulation (Phase B) behavior.
Support & Resistance Levels
Next Week (July 28 - August 1, 2025):
Support: Immediate support lies around $265. The key pivot low to hold is $255.
Resistance: The first hurdle is the prior swing high around $275. The main target is the top of the accumulation range near $290.
Next Month (to end of August 2025):
Support: The entire structure is supported by the range low around $230.
Resistance: A breakout above $290 would confirm the start of a new markup phase (Phase D), with little resistance until well above $300.
Disclaimer
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.
Disclaimer
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.