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CRM post earnings
Its gapping down below supporting trendline (Yellowline) after earnings.. I think the obivious first target would be the gap close at 260 (Green line) which is high likely to happen tomorrow.
After that we may see a dead cat bounce and then a final move lower to 250 where there is as you can see heavy price action that will act as strong support. 200sma (Gold line) is also in that area too
After that we may see a dead cat bounce and then a final move lower to 250 where there is as you can see heavy price action that will act as strong support. 200sma (Gold line) is also in that area too
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