Trading idea for Salesforce.com, Inc. (NYSE)

Salesforce.com, Inc. (NYSE)

#CRM

    The trend is upward. Downward wave patterns are truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions. The stock is trading between the 365 EMA and the 135 EMA. The trend line of the internal downward truncated pattern has been broken.

Trading Idea:

Buy upon the formation of an upward wave pattern.

Stop Loss: 220.20.

Target levels: 238.40; 252.80.