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Salesforce
Long

CRM Entry, Volume, Target, Stop

By tradepatiently
Updated
Enter when price clears 200.13
With daily volume greater than 6.6M
Target: 217.75 area
Depending on your risk tolerance: 194.25 gets you 3/1 Risk/Reward
Comment
Basing on decreasing volume. Still watching.
Comment
Price broke 200.13, but volume did not break 6.6M - still watching, haven't entered trade. Needs more volume!
Trade active
Took a starter position, volume may or may not reach 6.6M so I started with a small position that I will stop out of quickly if needed.
Comment
Got the volume, may increase position if it feels right.
Comment
Revised Target: 232 area
Resistance: 222 area
Comment
Sold 1/3 today
Comment
I will exit remainder of position before earnings.
Comment
Sold 1/3, will sell remaining 1/3 before earnings.
Comment
Typically, as price nears or reaches target, it'll do something different (retrace, trend sideways) - as price rises, sell into strength and move up your stops. I won't hold this stock thru earnings, but will give it time for my final 1/3 to reach my target.
Comment
Because I'm up a good bit, I will hold that remaining 1/3 until tomorrow to see what tomorrow brings, but tomorrow it will be sold - to avoid earnings.
Trade closed: target reached
Closed my position prior to earnings.
FibonacciPivot PointsSupply and Demand
tradepatiently
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