$CRM bullish set up post earnings$CRM has officially entered the DOW as of 8/31. After a strong earnings result, it is consolidating sideways and primed to break out to new ATHs
CRM trade ideas
Salesforce - IC$CRM post earnings pop.
Volatility remains elevated
Iron Condor - Oct 16 exp - 240/250p 300/310 call collect $4.49x5
Delta - 11.97 Theta 19.513
no earnings in cycle
Manage 25% on 1 contract - 30% on another, 40% , 50% balance.
CRM PEG ContinuationPrefer to pick it up lower on the curve. Looking for a pullback into 261/250.60. If market continues to push then look for a momentum break over ATH into extension targets.
💻 CRM (8/31) - (9/11) ☁️ 💻 CRM ☁️
Current Price @270.49
Nice pump and pullback last week. Key support to watch is @268.20. Breaking and holding over @272.40 will start a nice reversal to retest @276 resistance. Above @276 we'll find @279 (ATH)
On the downside, CRM going under @268 will most likely pullback to 264.6 support. Failing to hold and we'll find @261.
Bearish if CRM somehow gets sold to the ground and we find under @260, expect a nice flush down to low @250's.
Buy CRMER play - CRM looks good to me to add now and until 197 for target of 210,215 ++ , Stoploss i will place near 192 on closing basis..
CRM SnapbackCRM has had a huge surge after earnings, it didn't quite follow thru the next day. It is overextended beyond normal levels and overbought on stochastics. I'm looking for a necessary pullback here to the $250 level, which is the level it gapped up to after earnings.
BUY 1 VERTICAL CRM 100 18 SEP 20 270/280 CALL @4.80 LMTStrength into close on Salesforce led to taking this bullish position. The original strategy was to sell a put spread but the credit ran away from me so I paid for exposure on the call side.
SALESFORCE : Swing, 100% Price ActionNYSE:CRM : Follow the uptrend . #UniversTrader
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I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
Salesforce - unbelievable rise, defies gravity, software FTWSalesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that.
Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point I am just totally impressed.
The Regression trend on the chart is meant to show how big the pop was as it spiked to all-time highs after beating earnings and being added to the Dow. It's the first cloud stock to enter the Dow. That alone says a lot.
Anyways, I am not long and don't plan on buying at any time soon. But, kudos to the team as they have proven me wrong. That's for sure.
$CRM Salesforce $279 Target
Having missed the pop post earnings, the next long entry will be above
the Fibonacci resistance at $248.00.
It could possibly set up a run to $276-$279.
Earnings were a huge beat and blow past all estimates.
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SalesForce(CRM) since 2012-2020As shown in the diagram. I don't think a breakout from the 8 years range is possible, so I think it's extremely like that we are going to see some fall after the earning jump. TP 175 in the long term (MA 50), but I am eyeing 220.
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
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
