CRM is in a long-term uptrend; most recently it has formed a multi-month rising channel within a much bigger, 16 year old one. BLUE ascending triangle breakout targets 240; on July 24, the upper resistance lines of both these rising channels intersect slightly above that price point. Even if CRM doesn't get there by that day, I'm very confident it will reach the target in the next few months. And eventually go past it.
Full disclosure: long CRM at 3% of total assets.
Full disclosure: long CRM at 3% of total assets.
Note
Was in a hurry today, forgot to mention that the BLIE ascending triangle's resistence got its nice backtest on June 26, and THEN prices went on to take out all-time highs. This makes me very confident in this uptrend, and in the 240 projection for the immediate time.
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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.