Nov. 15 at 9:58 PM
$CRM is currently trading at
$243.66, below its 30-day moving average (MA30) of
$248.45 and 50-day moving average (MA50) of
$246.53, indicating a bearish trend. The RSI at 38.54 suggests that the stock is nearing oversold conditions, which may lead to a potential reversal. However, the price is closer to the 60-day low of
$233.51 than the high of
$267.13, reinforcing a cautious outlook.
Suggested trade plan:
- Entry: Consider entering a long position around
$240, near the support level.
- Stop: Set a stop loss at
$233 to limit potential losses.
- Targets: First target at
$248 (near MA30) and a second target at
$255, which aligns with recent resistance levels.
This strategy capitalizes on potential short-term recovery while managing risk effectively. For further insights, visit https://privateprofiteers.com.
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