SalesforceUpdated $CRM - Watching the 100 day EMA
CRMTesting this theory.
- CRM seems to typically be supported by the 50 day EMA. If it fails and also fails the 100 day then the next bullish test is a return to the 100 day.
- Historically there has been a return to the 100 day and then a move up or down. (I’m showing support at the trend line but it could find support at the 200 day).
- On it’s return to the 100 day if it break through it is bullish, but if it resists it is bearish. If at any point it loses the 200 day support I am bearish
- Seems like earnings on Tuesday should propel CRM higher but these last few weeks have seen some good earnings reports be reward with negative stock prices - see
WDAY, 
LOW, 
HD, 
SHOP, etc.
“I’m not an expert but I have watched a lot of youtube videos.”
CRMNote
Well the trend continues with 
ZM and now CRM. After hours drop to $231 so far... supported by the 200 day EMA.Note
I managed to impress my self on this one... The hourly chart shows it better... after falling through the 100 day CRM rebounded only to be rejected by the trend line and then dropped through it's support to nearly the first fib level. Not really certain where it finds support here so it may fall even more - I'll check in once it returns to the 100 day EMA as previously planned.Trade closed: target reached
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