CRM needs to defend this level

2020年12月10日

CRM back to August pre breakout levels after selling off on news of acquisition of slack. The selloff today was on low volume and considering the sharp drop, I expect Crm to defend the lower channel snd bounce to at least the 0.38 fib level to fill the daily gap before resuming current trend or start a new uptrend. I should have waited for the break of 230 before entering but the idea of scaling into the trade near the lows was to appealing to ignore. The next few sessions will give us a better picture on what tp expect.