1
Thoughts on CRM's recent pop and next resistance
That $CRM move today was strong, pushing right to the day's high of $158.455. The volume behind it suggests some conviction, but we're heading into a known resistance zone. I'd give it about a 60% chance of seeing a retest of $160-$162 by the end of next week, especially if broader tech holds up. However, failure to consolidate above $158 might lead to some profit-taking back towards the $155 level, so I'm watching closely.
2 comments · 1 points
I'm with you on that resistance zone. I'm curious if you've seen any significant option activity around that $160-$162 mark, or if it's purely technical from previous price action.