$CRM
Added 2024-05-30 09:53:05 +0000 UTCThe aggressive pull back has finally come from $CRM after we have been watching and waiting for this for over a year and it kept pushing higher, in spite of its odd structure.
V shaped recoveries bring a lot of uncertainty and usually the bounces in the recovery are very misleading but can be very powerful, we saw this with $TSLA when it bounced at $104 to $300 and also with $META when it bounced at $84 to +$400.
But usually they are met when a very harsh pull back and all three have now done this too, $META has been holding up the strongest tho.
Tough 12 months ahead for $CRM I believe as it finishes its ABC correction.
Pull back in the PM is down to the 0.5 Fib so a relief bounce will be due over the next few weeks.
Comments
With the drop to $218, does this mean best to wait for $199?
AL
2024-05-30 14:05:48 +0000 UTC
