Public trading strategy
Salesforce suffers record 14-day losing streak — fade the AI disappointment
Thesis
A 14-day losing streak is incredibly rare and shows a complete lack of buyer support. Investors are voting with their wallets that Salesforce's AI efforts won't pay off soon enough. When a stock shows this kind of relentless, record-breaking downward pressure, the trend is clearly broken to the downside.
Strategy approach
Build a breakout strategy that enters short CRM on the daily timeframe after 3 consecutive lower daily closes. Exit conditions: close the position on the first daily close that is higher than the previous day's high (mean reversion signal), or use a tight 2% stop loss.
Markets and timeframes
CRM1D