SALESFORCE 
CRM | STRONG TREND UP TO EARNINGS Dec. 3rd, 2024
BUY/LONG ZONE (GREEN): $338.75 - $400.00
DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $338.75
SELL/SHORT ZONE (RED): $250.00 - $250.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
1H: Bearish
CRM releases earnings today, Tuesday Dec 3rd, after market close. Price ranges up to previous earnings on Aug 28th. This range finally breaks out and creates a bullish trend that has held strong leading up to today's earnings. High timeframes show bullish trend (my trend determining indicator), along with current chart trend bands (my channel/bands directional bands). ATM Straddles suggest the expected move to be around 7.25%, or $24.00 in either direction. This is on pace with it's average and historical earnings moves (previous 8 - 12 quarters).
My estimated moves:
Downside: ~$300
Upside: ~$360
(30-45 DTE)
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, crm,CRM, salesforce, salesforce earnings, earningsplay, salesforcetrend, salesforcetrade, crmtrend, crm earnings, crmtrade, crmstrongbullishtrend, salesforcestrongbullishtrend, options, optionstrading, atmoptions, atmstraddles, atmstrangles, willcrmbeatexpectedmove, expectedearningsmoves,
CRM | STRONG TREND UP TO EARNINGS Dec. 3rd, 2024BUY/LONG ZONE (GREEN): $338.75 - $400.00
DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $338.75
SELL/SHORT ZONE (RED): $250.00 - $250.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
1H: Bearish
CRM releases earnings today, Tuesday Dec 3rd, after market close. Price ranges up to previous earnings on Aug 28th. This range finally breaks out and creates a bullish trend that has held strong leading up to today's earnings. High timeframes show bullish trend (my trend determining indicator), along with current chart trend bands (my channel/bands directional bands). ATM Straddles suggest the expected move to be around 7.25%, or $24.00 in either direction. This is on pace with it's average and historical earnings moves (previous 8 - 12 quarters).My estimated moves:
Downside: ~$300
Upside: ~$360
(30-45 DTE)
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, crm,
CRM, salesforce, salesforce earnings, earningsplay, salesforcetrend, salesforcetrade, crmtrend, crm earnings, crmtrade, crmstrongbullishtrend, salesforcestrongbullishtrend, options, optionstrading, atmoptions, atmstraddles, atmstrangles, willcrmbeatexpectedmove, expectedearningsmoves, Note
I have linked 
OKTA to this post as well, as they will release earnings in the same session.Note
CRM has released earnings and smashed through my target at $360, up to $366 at time of screenshot.Price initially touched $360, pulled back, and has since continued past my level at $360!
1H View:
Note
Price pulled back to my level at 360.00, then back up to its daily high around 368.15, using this as a low timeframe resistance level for bulls.1H:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.