Followup to my previous buy alert (click).
CRM launched from support posted in above idea.
Now it is prudent to take some profits off the table.
Traders may start selling, holders move up stop losses.
$ 294.33 - 300.55 is the major resistance
$ 312 and 324 would be good next targets.
$ 274 and 265 should be supports below.
.
Previous Analysis pinpointing the entry after an Earnings dump:
==================================================================
.
CRM launched from support posted in above idea.
Now it is prudent to take some profits off the table.
Traders may start selling, holders move up stop losses.
$ 294.33 - 300.55 is the major resistance
$ 312 and 324 would be good next targets.
$ 274 and 265 should be supports below.
.
Previous Analysis pinpointing the entry after an Earnings dump:
==================================================================
.
Trade active
DOING(yellow shaded part is from posting time)
PERFECT reflection off our first TP at $294.33
.
Zoom IN (m15)
We got several Pings (exact hits) on lower bound.
That many rejections might be a bad sign for bulls.
So trail stops close, we may NOT hit more TP's quickly.
==================================================================
.
Trade closed: target reached
TP2 Hit EXACTLY (of course).
.
Zoom IN (m1)
And we got a PING (exact ricochet on fib).
$300 and 55 cents, not 300 even, cuz dah fib.
.
Now see if we get a wave down to develop,
so that we can measure and project targets.
==================================================================
.
Trade active
Thus my enthusiasm for PING's(Following up to last snapshot above).
And a reminder:
"Not every Ping starts a Reversal,
but Most reversals Start with a Ping".
.
Zoom OUT a bit and looking for targets:
2 possible bounce points if dip persists:
$ 288.45 solo (alone) fib needs to slow drop.
$ 283.xx double fib is a Must-Hold if hit.
==================================================================
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.