CRM broke out of its downtrend channel; technical setup is bullish.
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Salesforce up 23%, Crowd Strike up 20%.
because people say oh Kevin you know like why not just wait for Palunteer or Salesforce to bottom and the issue is you don't necessarily know exactly where that bottom is but you do know when things are getting really cheap
and in the case of Salesforce You know, we were buying this around the low 160s range. It actually kept going down to 146, but we thought we were getting pretty close to a bottom uh in the software space.
And uh it turns out now uh at least based on this breakout that we now literally have out of this downtrend uh channel that we've had, this trend channel that we've had here. Uh clean clean breakout right here.
Uh it's almost perfect. Like those lines are almost too good to be true. And I have not touched these lines. uh certainly not since earnings. This is really really exciting uh this uh the alignment of the lines here.
What this channel has said about $CRM
Meet Kevin has 12 calls on this stock; only the adjacent ones are shown.