CRM trade ideas
CRM DOUBLE TOP BEARISH DIVERGENCEBEAR CASE:
* Weekly bearish divergence
Bull CASE:
*China
**** I think we break way lower... Let's talk about i!
Third time's a charmCRM is retesting the 161.20 resistance level for the third time. The short time volatility indicates that it's poised to make an upward stride.
CRM Headed HigherPerfect bull flag. Target #1 - $172 Target #2 - $183. However, I'll exit regardless prior to earnings or if there is a reason to sell such as a breakdown. I am long. While I believe this is a great entry point, if not already long, I urge you to do your own research, I do not give investment advise.
daily RSI/MFI divergence + rising wedge = ....SHORT. Market's starting to show cracks... cloud stock that's getting pumped while AMZN and MSFT get slammed...
CRM: xABCD formation completion, -30% downsidePotential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
CRM short below 147.5Raising wedge.. it has support around 147.5
Wait till that point and if it breaks down, we are IN.
WDAY short below 147.5WDAY very nice ramp up.. while others are trying to recover the fall this is nearing its ATH. However, we are not forcing ourselves and not trying to go against the trend.
We will see if it breaks 147.5.. and we will take the short
Salesforce gods
Salesforce is a stock I've been following since 2016.
I'd say if he breaks up we'll look for new tops ... Let's wait for volume confirmations.
Please make this real.
