Trade Idea for Salesforce.com, Inc. (NYSE)

Salesforce.com, Inc. (NYSE)

#CRM

    The trend is bearish. The ascending wave structure is truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions. The stock is trading within the range between the 365 EMA and 135 EMA.

Trading Idea:

Sell upon the formation of a descending wave structure, where wave (A) breaks through the trend channel of the truncated ascending structure.

Stop Loss: 267.00.

Target levels: 250.00; 233.50.