CRMBroke monthly and stayed above it. also retested 3 times + as support. I am jumping into a call for $250. Please choose your own exp date. #LetsMakeMoneyTogether #PIpShark
CRM trade ideas
Salesforce earnings playlove the stock but all reports are a usually a bust , looking to get both calls & puts
CRM Analysis Multi Time Frame Analysis
Risky setup due to ER on Tuesday but looking for 217.60 by EOW
CRM 8/25 ERKeep CRM on your Watchlist as it is nearing it's current ATH @207.79. Breaking over and we'll continue to push to 210's
On the downside rejecting 207.79 and we'll pull back down to 202.09 then onto the support trend line that has been holding since April.
Do keep note that CRM has an ER coming up on the 8/25
CRM - 10.18% Potential Profit - Uptrend CorridorStrong level of support, confirmed multiple times over the past 5 months in an uptrend corridor.
Price bouncing on the support line.
- Historical Uptrend
- RSI + Stoch (NA)
- MACD (NA)
Suggested Entry $193.73
Suggested Stop Loss $214.69
Target price $189.47
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
CRM higher Highs Higher Lows LONG BUYResistance break or support Breakdown.
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Salesforce on TL support - expected move towards $205 next weekBased on the chart analysis, Salesforce is at support line in upward moving trend.
Expecting it to reach $205 by next week.
SL break of support line
Salesforce.com Holds Trend as Earnings ApproachCloud computing has been one of the strongest growth trends in the market this year, and now one of the most important names has pulled back to some interesting levels.
Salesforce.com has followed an upward-sloping trend line since early June, making successively higher highs and higher lows. The two most recent peaks were all-time highs above its pre-crash records. Now it’s pulled back to that trend line.
Second, the current low is very close to the $195.72 level where CRM topped out in February. Has old resistance become new support?
Overall, this is a pretty conventional trend-following setup. It resembles Netflix on June 30 , pulling back to an old high and trend line before earnings. CRM reports on August 25.
CRM: Double Bottoms Galore!The number of double bottoms on this bullish uptrend has been insane! Hoping to capture the neckline retest around $195.50 with a stop loss at $190.35.
CRM - 4.91% Potential Profit - Bullish PennantI would wait for the pennant to fully break out and eventually re-test, before placing an order.
- Historical uptrend.
- RSI + Stoch well above 50.
- MACD above Signal.
Target price $205.00
Suggested Entry $196.60
Suggested Stop Loss $192.20
#salesforce $CRM #weekendchartreading Forming H&S top patternLower top in place,
H&S pattern with neckline at 182,
holding on the sliding parallel of upsloper,
Cup and Handle Falling from Rising WedgeEarnings 8-27 AMC Long only after descent from rising wedge pattern is complete
A stock can fall the entire width of the wedge, but I have noticed most do not fall the complete width as of late. Every stock is different
Stop is under handle low
Looks like the stock has started descent from the rising wedge it traveled in from the bottom Like so many stocks in the tech sector have been in for quite a while.
I rarely saw this pattern before the crash, but there have been plenty since then. Rising wedges are usually bearish. Falling wedges can be bullish if the stock breaks up and out and can signal a reversal..ie HSY was in a falling wedge
The stock is close to the handle low at this point and perhaps it will turn back up there..but remains to be seen
Not a recommendation
Good luck!
The Salesforce is not with you...Textbook head and shoulders, plus some weak volume area as our price target. I like the idea of puts on this, but it moves so slow.
10-day MA bounceCRM had some surprising volume 6/25 near close.
currently sitting on its 10-day MA.
CRM will also form a breakout if it could gain 4 more % which is around $196.
CRM Potential Long SetupReclaimed uptrend, holding above critical moving averages. Indicators are showing a reversal.
6th best company to work for- employee satisfactionJust heard about this company and it looks good to continue its uptrend , has a lot of potential for long term .
Had a quick look at the one day and its good to enter now at 186.23
Voted as number 6 in the Fortune top companies to work for in 2020 . Defo worth a bag since happy employees convert into happy balance sheet.
Levels on chart..
CRM Pullback Area to BuyLong term like to see a retracement here in order to continue up. Between the fibs looks like a decent stopping point to re-accumulate.
