Salesforce(CRM)... Time to cut their lunch short ??

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Up nearly 18% in just over a month. +70% YTD

They report tonight and are probably strong today on other tech gains from last night's earnings report.

$2.05 expected versus last of $1.90. No dividend.

I would like to establish a short in the $232-$233 area as this sets up an Bearish Alternative Bat.(Anti Bat)

RSI also getting a little up there.

Momentum could roll over any time.

Watching... not investment advice . DYOD.

I will watch and advise.

S.

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تم حذف الأمر

Well that's a good lesson... as I did to wait until the news is out. CRM traded +8% overnight and has given some of that back as longs sell and shorts cover.

I still think this is over extended as there is no apparent pattern I shall step aside

١ ديسمبر ٢٠٢٣

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Final comment on this.... it's still O/B IMHO.

S.

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