Strategic Entry Point for CRM: Tight Risk, High Reward Potential
Strategic Entry Point for CRM: Tight Risk, High Reward Potential
Salesforce, Inc. BATS:CRM
Ochlokrat
Ouch, that was a nasty blow for all the CRM bulls. Now the question arises: What's next? A look at the volume profile, from the December 2022 low to the March 2024 high, shows that the price has stopped exactly at the POC of this trading range - and exactly so. This is certainly no coincidence. This offers a good chance for a long entry. Although no one can say with certainty that prices will start rising again immediately, the area where the CRM stock is now allows us to tightly limit our risk and fully capitalize on the potential upside.
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