Get started

CRM

CRM likely test 215 to gap close, buyable on technical reversalCRM has gained 48% this yr or 50 bil market cap into a total of 200 bil. The gain is a small potato compared to the new market darling such as SNOW, DASH, AI and ZM, PTON, ETSY, CHWY. It has the disadvantage of a large flow and low short interest so it's not a cult stock. So it acted like all mega-caps like AMZN AAPL FB NFLX with large flow and small short interest, it's choppy aimlessly. It's a stock to consider at money IC or 2 ATR and plus an upside butterfly as it is close at ST support. One is to generate income and the other is to anticipate a bounce but not a huge one, $20 to 30 upside. The range is 220 to 250 where there would be major resistance.
NYSE:CRM
by Jonas99
1
Long Position on CRM?CRM has shown strong support at $220 in the last few trading days and has shown weakness at the $229 wall. The $228 support that we found in October has subsequently turned into a resistance point. The following are the three outcomes for CRM stock in the next 3 months: 1. If it smashes $229 resistance, the stock could rally to $240 2. If support at $220 is broken, next support line is $215 3. If $215 support breaks, the stock is likely to trade between $190-$205. If you are planning to go Long on CRM, do these things: 1. Watch the stock on Friday and see how it plays out. With the vaccine news out, I see it going lower. What you should do is see if it holds $220 support. If $220 holds, buy 25% of what you intend to buy. 3. If $220 support is broken, wait for a pullback to the $215 line and buy another 25%. 4. If $215 breaks, buy the remaining 50% of what you originally intended to buy at $205-$208. 5. Set your stop loss limit at $190. This is a worst case scenario, but it is better to manage risk to the downside, considering the current market conditions.
NYSE:CRMLong
by UnknownUnicorn10016235
1
Salesforce - is it correction time? or is slack to heavy...So CRM bought slack in a fairly expensive price and this caused investors to pull out and run -which is good because the stock needed to retrace and retrace the gap area between 220 -250. let’s focus on technical : Stock is moving in a downward trend with no lower highs only lower lows which means we are technically not in a downtrend ! the gap from 25th of August was finally filled and now the stock can keep climbing in a safer manner. the best part is we are seeing the correction from the drop beginning to correct and it fits our Stoch & ATR but most importantly it fits our POC and volume that indicates price should go back up to 250 (which is where the august gap ended - the wonders of volume never stop :)) So, stock needs to climb up to the 250 and make sure you keep in mind the 270$ line resistance that was tested several times and not broken To sum up, buy position to the 250$ line then we let it correct down for a day or so and jump back in to the 270$ line please note this trade is a quick one I assume a rise in Monday morning premarket and once market will open, we will already be halfway there so make sure you are in on time Happy Xmas and trade safe!
NYSE:CRMLong
by FDGT_academy
Salesforce bought Slack for $27 billion. What next?I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear case, let's dive into one more interesting thing: Salesforce is officially going after Microsoft and Microsoft is going after Salesforce. Microsoft bought LinkedIn to essentially build its own CRM system for sales and contacts. They saw what Salesforce was trying to do. Now however, Salesforce is flipping the script. Imagine the following: Slack docs Slack spreadsheets Slack video You name it They are now going right after Microsoft Word and Excel. Also, to some degree, Google Business Solutions. That's where the bear case begins, however. This space is extremely competitive now and it's requiring more and more risk. A $27 billion acquisition? Salesforce could not build their own Slack for $27 billion? Salesforce could not find another cheaper company to acquire? Meanwhile companies like Discord are growing fast and coming for Slack. It seems that Salesforce's recent weakness, and point of this chart that Salesforce will return to its Volume Profile node, is that some long-term investors and holders are slightly weary of the cash spend and M&A mania that Salesforce has been on. They keep buying, rather than growing organically.
NYSE:CRM
by scheplick
9
CRM long ideaCRM has been selling off on the news of the acquisition of SLACK and as a result, the stock has managed to fill the pre-earnings gap. Currently, CRM is trading at the lower range of the 4 HR channel and is also forming a massive flag on a longer timeframe looking ready to reverse and return back to the upper channel. I'm looking for a break above 230 for long swings with stops below the 222 and targets 238, 247, 254. The above ideas are my own and should not be treated as investment advice of any kind. Please do your own DD before investing.
NYSE:CRMLong
by Unraveller
3
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.
NYSE:CRMLong
by ShukriMahadi