CRM: Risk for Topping Due to Rotation
Salesforce.com has had a great run up from the 2015-2016 correction. CRM stock is now showing an extreme Angle of Ascent on the weekly chart and has risk of a potential topping action. Support is weak at the bounce area at this time. The stock shows steady rotation patterns as the final peak high developed. Rotation is the lowering of inventories of a stock by Dark Pools.
Martha Stokes, CMT
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
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