The following short trades will be moved to the Completed Trades category. While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s). As the charts on some of these trades still remain [...]
CRM was added as a long-term swing short candidate back on April 4th at a split adjusted price of 41.78. The stock made a large gap up today following their earning release which bring the stock just above one of the suggested stop areas. In that original post, a stop around the 48.40 level (around [...]
CRM still offers an objective short entry or add-on to an existing position following the recent backtest of the daily uptrend line. Helping to confirm the entry/add-on is the fact that both the MACD & RSI are rolling over on the daily frame. Note how most prior reaction highs were confirmed by such bearish MACD [...]
I spent some time pouring over the charts last night looking for trade ideas. In doing so, I came up with numerous candidates, both long and short. Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short [...]
CRM has once again broken below the primary uptrend line on the weekly chart (after a brief move below a couple of weeks ago). CRM is therefore offering another objective add-on or new short entry and remains one of my favorite long-term swing short positions. Weekly chart with targets shown here but one preferring a [...]
The CRM short trade had a 4 for 1 stock split on Thursday so I've updated both the daily & weekly charts, including the price targets, to reflect the split adjusted prices. Also note that since the previous post and short entry on April 4th, CRM did indeed break below the nearly 4 1/2 year [...]
Although I made the decision, for various reasons, not to have an open discussion forum on this site, at least not while I continue to build it out, I do welcome feedback, questions, and trade ideas via the Contact link found under the Resources tab at the top of the page. Last night, a follower [...]