CRM 12/6- Completed WXY correction at .382 fib
- approached oversold on daily RSI, now curling up
- selling climax suggesting selling is over
- stochrsi buy signal
- perfect bounce off of .618 fib fan
SSSALESFORCE INC CEDEAR EACH 18 REP 1 COM USD0.001
18,925ARSD
+400+2.16%
At close at Jul 18, 22:17 GMT
ARS
No trades
CRM trade ideas
$CRM with a bullish outlook following the earning releaseThe PEAD projected a bullish outlook for $CRM following a negative under reaction after its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
CRM approaching BUY level.The move to remote work has found many companies adopting new technologies in order to keep business running. But even as life goes back to a new normal, some systems will likely remain in place due to the added efficiency they can bring to operations. Salesforce is counting on that approach, with its recent announcement that it will acquire the messaging service Slack this week.
Salesforce’s customer relationship management (CRM) platform is used across multiple industries, including retail. The cloud technology supports the selling, strategizing and marketing of commerce in a single centralized platform, which enables users to see all their customers, data and tools in one place. This unified approach can help streamline operations – a critical benefit in a competitive landscape like retail in 2020.
$CRM – SALESFORCE.COM INC // LONG$CRM bounced nicely around .382FIB level. Currently oversold. Apparently, WS hates the Slack Technology deal ($WORK). CRM after the news, lost around 40B in value which is more than the value of WORK. IMO it is an overreaction and CRM will benefit from the consolidation of both businesses.
Stop-loss and targets are given in the chart
$CRM - Watching the 100 day EMA$CRM
Testing this theory.
$CRM seems to typically be supported by the 50 day EMA. If it fails and also fails the 100 day then the next bullish test is a return to the 100 day.
Historically there has been a return to the 100 day and then a move up or down. (I’m showing support at the trend line but it could find support at the 200 day).
On it’s return to the 100 day if it break through it is bullish, but if it resists it is bearish. If at any point it loses the 200 day support I am bearish
Seems like earnings on Tuesday should propel CRM higher but these last few weeks have seen some good earnings reports be reward with negative stock prices - see $WDAY, $LOW, $HD, $SHOP, etc.
“I’m not an expert but I have watched a lot of youtube videos.”
NYSE:CRM
