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CRM recently closed making a new high. The stock is now struggling to go for a new high? Is the rally done? | Forum
Claudette Leanna
Apr 16
It has been moving within the range of the candlestick from March 5th. The price has been sustaining near the all-time-high levels but has failed to fill the gap-down of February 5th.
The overall momentum still looks bullish.
A breakout from the current trading range would give a clear indication of the momentum.
Alex Baroness
Apr 16
Personally, I'm cautious. Seeing a stock struggle to retake its peak can be a warning sign, like a runner hitting a wall. Maybe it needs some fundamental improvements before it can launch another leg up.
On the other hand, there could be some profit-taking going on after the recent surge. Smart money might be cashing in before a potential cool-down. Who knows? Technical analysis might be helpful here, but sometimes even the charts can't tell the whole story.
This might be a good time to do some additional research. Maybe monday.com consultant (heard they're great at workflow stuff) could help with efficiency improvements for CRM, making it a more attractive long-term hold
