Public trading strategy
Salesforce on its longest losing streak ever — bet the pain continues
Thesis
A 14-day consecutive losing streak is incredibly rare and signals deep pessimism from large investors. Without a credible AI growth story to turn the narrative around, buyers are staying away, creating a dire lack of demand. When a stock is in a historic slump without a clear catalyst for a turnaround, trend-following strategies can effectively capture the ongoing downward momentum.
Strategy approach
Build a breakdown short strategy for CRM on the daily timeframe. Short the stock when it makes a new 20-day low and the daily volume is 20% higher than the 10-day average volume. Cover the short if the stock has a bullish engulfing candle or hits a 5% profit target.
Markets and timeframes
CRMD