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!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.