CRM
☁️ Salesforce short term - SHORT, long term LONGHi guys, NYSE:CRM on weekly formed perfect bullish flag. Now it is on top of the channel created bearish price pattern and very nice short opportunity with target at $200.
From long term perspective price range from 190 - 200 seem perfect sweet spot to long entry on this weekly bullish flag.
Happy trading!
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CRM getting ready to touch ATH Flag pattern breakout with strong master candle, volume spike indicates that CRM is ready to touch 275-280 zone.
Long CRM - SalesforceHi Folks,
I'm new to charting so if there's any CMT's taking a look, please feel free to criticize. Anyways, on to the chart. I like the setup for CRM here. It appears a classic Island Reversal Pattern has completed and the prices are ready to move higher. I also like the risk reward ratio. Traders can risk down to the 50DMA with a reward potential up to the prior resistance. If resistance is broken then prices could reach the prior highs.
So. you'll risk $15 for a $25 upside with potential to $41.
I'll be entering a position tomorrow when the market opens.
Thanks for looking and GLTA.
CRM - Long - My PositionWatching CRM for a break on a very long falling channel. Believe we can see 270 soon.
Entered a starter position today with 4/16 270/310 spread, planning on going in deeper with confirmation
give it a watch.
#flextradinggroup
Consolidation ready on CRM / waiting for the breakoutToday we will share a long setup we are waiting for.
On CRM we are observing a 150 days Flag pattern completed from a technical perspective
- The Flag pattern is supported on a broken ascending trendline
- The confirmation level to activate a setup is the green line. IF the price reaches that level we will open long positions towards the First and Second Target (Fibo Extension)
- The invalidation level for this idea is below the Corrective structure, also that's a key level to set stop-loss orders
- If everything goes as expected, we think the movement can take about 4 to 5 months.
If you have any doubt don't hesitate to write us a comment below!
CRM Bullish RectangleBased on my fundamental analysis I have set a price target of $275 for CRM. Watch for CRM to make another attempt to break out of the rectangle in the near future. If price comes down from current level before breakout attempt and bounces off support it will be an excellent buy opportunity. If a breakout of the rectangle does occur I believe we will more than likely hit the $270+ price target.
CRM Swing position. 3:1 Risk/Reward.Will be looking to add CRM as a swing play. Weekly chart shows solid bull flag consolidation. I am going to be watching on the Daily how the stock performs today. Back over the 20 SMA on daily chart and will watch to see if it holds and closes above today. R/R is 3:1, eyeing a 3-6 month hold on these shares.
*I will post updates later today upon entering.
$IBM EARNING REFLECTS SIMILAR PRICE ACTION AS CRM Q3 '20Just speculation on price action, this read doesn't consider any fundamentals on IBM
My position (bullish):
10 $138 1/22 calls
2 $135 1/22 calls
22 $150 1/29 calls
Not financial advice nor a recommendation.
DCJ | Easy Loot
CRM FALLING WEDGE RSI AND MACD DIVERGENCECRM has been falling for a while from bad news. Bears have failed to follow through on a bear break the last week and RSI is rising against the stock trend. I'm looking for a break above this downward trend line and a secondary break of 220 resistance.
$CRM Bullish Flag
Bullish flag formation intact and steadily reproaching our 200 MA. Might look to make a move on this if volume starts to pickup with a breakout and re-test through our top line (Blue) is observed.
SPY $381: could push to $383+ as CMF & Momentum remain strongI was wrong in calling corrections at 370 (of SPY), looking back, at the time STOCH/RSI still pointed upwards and CMF was very positive and still is.
Where do we go from here? Based on the trend line and momentums (RSI still has room) and squeeze is yet to fully fire to upside, I could see we continue to push higher to at least 383+ possible 385. It is however likely short-lived so the strategy remains the same: prepare for a correction with Cheap Put Butterfly.
Jan 29 Put Butterfly 375/360/345
Feb Put Butterfly 375/360/345
Much that I like to call a correction after a long extended rally, I am mindful of the fact that money supplies have grown so much in the past few years and there are no easy investment alternatives elsewhere (bonds, Golds, and TLT all-seeing huge money outflow, and into equity). So the tide goes up with the ocean wave. After all, Equity is the place to be.
I would not be hugely short but mindful of the fact corrections are inevitable so be conservative until better entry arrives. If and when corrections occur, my shopping list would be TWTR, CRM, BB, PFE, FDX, COST, HD, and obviously the monopolies that continue to print money and control our lives: GOOGL AMZN, AAPL, and SPY as a proxy for the market which yields better than the treasury.
CRM Long Bullish Divergence & 200 EMA SupportI think the title explains it well enough. Seems like reasonable support with some bullish divergence on the RSI.
Happy trading!
$CRM doing not much, I think it is waiting for next earningComing earning will show good or bad side of Slack deal.
CRM Double BottomLooking for a continuation of this double bottom that formed today on CRM, potential gap fill play upside to 246.
Salesforce - more weakness ahead?NYSE:CRM is another vulnerable short opportunity with promising entry right now. Expensive stock with market cap above $200 bln, P/E > 100 and P/S >10, which topped exactly after being added to Dow Jones in late August and trending down since then on poor relative strength.
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move).
PS: NOT A FINANCIAL ADVISOR, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
