Technically, CRM chart is in a very good spot if it opens at $228 because
$228 is support
$228 will be 20 % below the 50 dMa. CRM has rallied every time it goes below 20 % of it's 50 dMA.
Oversold by RSI and Stochastics
50% Fibonacci Retracement is at $222.
Falling to $228 will fill the gap of 11/23.
This so-called huge revenue miss was a whopping 1%. Of course the waterfall people were looking for anything they could get their hands on as the market is in a downturn in May, usually not a good month.
steven tyler aerosmith GIF
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- T20211222001·05-30com (CRM) is impressive!LikeReport
- wavyix·05-30Keep up the good work!LikeReport