BULLISH
Salesforce.com (CRM)
CRM broke its WEEKLY box on an earnings gap.
We are now waiting on follow through price action in Salesforce (CRM) via a DAILY chart box break, thus confirming the WEEKLY box break and trend much like the KMI trade above.
Accenture PLC (ACN)
ACN is currently in a WEEKLY and DAILY box ahead of 12/17 earnings. We are now waiting for an actionable opportunity in the form of a dual chart box break if, and when, it arises.
There are many other stocks that are currently in our watchlist but for now these should suffice in providing an idea of what we consider tradable opportunities within the context of these types of trading setups.
As always, a trade should only be considered if it meets the criteria of the individual trader and his or her understanding of risk vs reward. Just because a previous trade provided an appreciable gain does not mean the next one will, even if the set up is exactly alike.
Thanks for reading and have a great week.
Twitter: @crosshairtrader
No positions in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
