Hello everyone CRM releasing earnings beats expectations but disappointments regarding the guidance could lead to a fade. Price got to 157sh, 100sMA area and 154sh, 20eMA area in after-hours session.
There is a beautiful bullish wedge holding nicely on 13eMA 10min that is waiting to pop. Curious to see how today's after-hours session will close.
For tomorrow trading session if at the opening at least 50k volumes will be already traded and if the pattern will not change I will long:
1) above 157.33 if price will consolidate in pm above the 20eMA and will break the 100sMA at the open. Caution for the very first minutes, moment in which price still didn't really trace a clear trend.
2) In case of price consolidation above 100sMA level only after the first 15 minutes I will trade the breakout of new level of resistance.
3) In both type of scenario for me to enter the trade uprising volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2.
Also if at the opening at least 50k volumes will be already traded and if the pattern will not change I will short:
1) the eventual pm main low level of support if price will fade below the 20eMA,
2) below 154.66 (20eMA) if price fill fade below 100sMA
3) below 157.33 (100sMA) if price will fail the breakout.
4) In any type of scenario for me to enter the trade uprising red volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2.
Have a good trading session!
There is a beautiful bullish wedge holding nicely on 13eMA 10min that is waiting to pop. Curious to see how today's after-hours session will close.
For tomorrow trading session if at the opening at least 50k volumes will be already traded and if the pattern will not change I will long:
1) above 157.33 if price will consolidate in pm above the 20eMA and will break the 100sMA at the open. Caution for the very first minutes, moment in which price still didn't really trace a clear trend.
2) In case of price consolidation above 100sMA level only after the first 15 minutes I will trade the breakout of new level of resistance.
3) In both type of scenario for me to enter the trade uprising volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2.
Also if at the opening at least 50k volumes will be already traded and if the pattern will not change I will short:
1) the eventual pm main low level of support if price will fade below the 20eMA,
2) below 154.66 (20eMA) if price fill fade below 100sMA
3) below 157.33 (100sMA) if price will fail the breakout.
4) In any type of scenario for me to enter the trade uprising red volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2.
Have a good trading session!