Hubert Senters here.
Let’s take a look at CRM so this week we called it as a bracket trade and it looks like it’s filled most of its gap so bracket trade works like it’s the pretty simple to understand.
You got a gap right here that gaps open or gaps down up or down. You mark that with a high and a low then if it trades or closes below that low.
And you’re going to go half a gap fill or in this case a full gap fill. Now, it’s bouncing off that full gap fill and acts like it’s going to go a little bit higher.
So watch CRM to potentially reverse the sell off after this bracket trade and go and retest this highs of $243 next week.
Just add it to your watchlist I bet it will do that. It’s a little sideways but not bad. The ADX it’s got some good thing.
It’s going forward and it’s got some overhead resistance at around that area of $243 to $249 to $250 so it looks like a decent up and it’s doing some squirly things which means it’s relatively volatile.
Folks over at Wealth Press has a presentation. I’m going to HYPERLINK you to that. All they’re asking for is an email address.
If you want to learn this information that’s on the page right now. Just give me your email address.
Good luck. Hope it helps. See you on the next video.