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Welcome to The Squeeze Watch. We're very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier. After the aggressive selloff earlier this year, software stocks now continue their bounce. Here's today's standout: |
Salesforce Inc $CRM is currently exhibiting a Squeeze Score of 93.1. Here's what the chart looks like: |
CRM is carving out a scoop pattern within the context of a massive distribution structure. After the initial decline, price first stopped falling and then began coiling against its pre-decline AVWAP. Now, volatility on the Strazza Indicator is compressed, signaling the potential for an aggressive bounce. If you want access to our Squeeze Engine and our next trade, join Breakout Multiplier here, risk-free. |
Steve Strazza | Chief Market Strategist, All Star Charts |
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