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

#CRM

The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending wave pattern.

Stop loss under the local minimum of the descending pattern.

Target levels: 223.50 (closing of the gap); 233.00 (range of the upper limit of the descending price channel).