CRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying.
Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation.
NVDA had a similar pattern and gapped up on its earnings release news.
Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation.
NVDA had a similar pattern and gapped up on its earnings release news.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
www.TechniTrader.Courses
Learn how to use the technical patterns of each market participant for better trade planning.
