crm looking ewwwe have a failed auction at resistance and now are testing the rising support here. unfortunately there is another technical issue that i cannot show you duo to me needing another chart, our long term trendline was broken on the failed auction and the retrace to 347 was a retest of the once support trendline as resistance.
we have another failed auction in the making if we cannot hold value and the 335 support we will test vwap most probably and lower vwap at 292 which are all decent support areas.
CRM trade ideas
Salesforce: Wave b Top Established!On December 4, CRM peaked briefly, hitting a new record high at $378.16. Since then, the price has been unable to revisit this level, initiating a first downward impulse. Therefore, we now consider the prominent wave b top as established and are preparing for a significant sell-off, with extension targets below the $274 support. Thus, the still ongoing correction should continue.
Very long pattern on crm! This is a massive cup
And handle. This means you can’t expect it to play out quickly. But as you can see from the breakout it does move have momentum. So it’s active to about 500$. That’s a huge move. 40%! Capturing even a piece of this would be great for anyone! But keep in mind. Might be a better leap or even short term spread?
10% December slide for Salesforce (CRM)
Despite raised guidance, we see a 10% correction ahead for Salesforce. This doesn't mean it won't experience a next leg up. Near-term short opportunity! Wave 5 ending and overbought. The stock's rapid ascent may have led to overvaluation, making it susceptible to a pullback as investors take profits.
We see a 10% reversal to the $320 price range this December.
Keep your charts clean and easy to understand.
Your strategy should look for easy-to-identify repeating patterns.
Be alert.
Trade green.
Salesforce - $CRM - Set to FLYSalesforce is primed for a major move higher, and here’s why:
1️⃣ H5 Indicator is GREEN
2️⃣ Hasn't reach bull flag measured move yet
3️⃣ Massive 3-Year Cup-and-Handle Pattern Breakout with a retest. Now NYSE:CRM will move higher!
4️⃣ Wr% consolidation box is thriving
5⃣ All Time High Free Range 🐔
6⃣ Impressive FCF Growth: Driving higher margins and profitability. Intrinsic Value (Fair Value): $419 - 21% higher
🎯 $383 (Aug 2025)
📏 $502 (Before 2028)
Are you sold on this H5 Setup?
NFA
Salesforce 367.87 USD - high potentialSector software overflys the semiconductor sector in the last months.
Oracle still as one of the biggest market leader. But salesforcea (CRM) on track and very strong in second place relative to Oracle since 2020 and also since 2024.
Very impressive: company with very high earnings stability. Management top, Benioff CEO since years, knows business from beginning till now, apple background in early years, means high customer oriented. Now with wonderfull technical formation cup and handle, also top marks for potential small correction with afterwards high potential in the next few years.
Target 520 USD.
Dan, 5th of december.
SalesforceOne of the strongest title in the subindex Dow Jones US Software.
Stronger is only Oracle which is overrated. But main thing: Software subindex meanwhile stronger than semiconductor sector.
Salesforce now built also wonderfull cup and handle Formation, with very good correction conditions, maybe 10% but much more potential towards 520 USD
Strong buy at 367 USD
Dan, 5th of december
CRM's Post-Earnings Surge: What's Next? Dec. 5Trading Plan for CRM (Salesforce)
Technical Analysis & Price Action:
* Current Trend: CRM saw a significant gap-up post-earnings, hitting a high of $378 before retracing slightly. The price is holding above key levels, indicating strength.
* Support Levels: Immediate support at $367. Below this, look for $358 as the next key support. Stronger support resides at $334, the pre-gap consolidation zone.
* Resistance Levels: The primary resistance is $378, today's high. A breakout above this level could push CRM toward $385-$390.
Liquidity Zones & Order Blocks:
* Liquidity Zone: The $358-$367 range is critical, where buying interest remains strong. Watch this zone for potential re-entry.
* Order Block: The zone around $367-$370 shows signs of institutional interest. If CRM holds above $367, bullish momentum is likely to persist.
Scalping Gameplan:
1. Entry for Scalping:
* Long Entry: Above $378 on volume, targeting $380-$385.
* Short Entry: Below $367, targeting $360-$358.
2. Stop Loss: For long positions, set a stop-loss at $367; for shorts, set it above $370.
3. Exit Targets: For longs, partial profit at $380 and final exit near $385. For shorts, aim for $360 and reassess near $358.
Swing Trade Strategy:
* Bullish Setup: Enter long above $378 with a daily close confirmation, targeting $385-$390. Place stop-loss at $367.
* Bearish Setup: A break below $358 opens a swing short opportunity, targeting $350 and $334.
Suggestions & Projections:
* CRM has strong bullish momentum following its earnings release, but it is nearing overbought levels on intraday charts. A breakout above $378 could extend gains, but a failure to hold $367 may lead to a pullback.
* Monitor volume closely to validate the breakout or breakdown.
Thoughts:
* CRM offers an excellent scalping opportunity around the $367-$378 range. Swing traders should wait for a confirmed breakout or breakdown for cleaner entries.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and trade responsibly.
Enjoy long coffee with SalesforceFinally testing 266 it's now confirmed a complete cup and a handle. I would consider 263 as the handle's actual breakpoint, hence - now getting a cup of Cappuccino to see you at 393 - 399 (given depth of the cup :)))))). Even though there is a possible pullback on earnings day, long term patience pays off!
PS: I bought the dip earlier this summer at 218 as it was way oversold, and I looked fwd to the pattern to complete.
Salesforce (CRM): Decision Point ApproachingNYSE:CRM has risen higher than anticipated, but we are still holding on to our bearish scenario. Initially, we expected another leg down following the wick that we identified as wave ((a)), but the stock surprised us by pushing to a higher high, surpassing the levels of wave 1 and wave B at $348.86.
This move invalidated our first bearish scenario, activating our secondary outlook of a flat correction where wave ((b)) exceeds wave 1, which aligns with the current structure.
From here, our outlook is straightforward: if our bearish scenario holds, NYSE:CRM should drop below the wave ((a)) level, which is yet to be determined. However, if the stock rises above $360 and sustains trading at that level, the bearish outlook will be invalidated, requiring a complete re-charting of $CRM.
A decision point is approaching, and we will monitor the stock closely for further developments.
SALESFORCE $CRM | STRONG TREND UP TO EARNINGS Dec. 3rd, 2024SALESFORCE NYSE: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
NYSE: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, NYSE:CRM , salesforce, salesforce earnings, earningsplay, salesforcetrend, salesforcetrade, crmtrend, crm earnings, crmtrade, crmstrongbullishtrend, salesforcestrongbullishtrend, options, optionstrading, atmoptions, atmstraddles, atmstrangles, willcrmbeatexpectedmove, expectedearningsmoves,
What Does Salesforce’s Chart Say Ahead of Tuesday’s Earnings?Salesforce NYSE:CRM will release its fiscal Q3 results Tuesday (Dec. 3) at a time when the customer-relationship-management software provider is up some 50% year to date, handily beating the S&P 500. Let’s see what the stock’s fundamental and technical analysis says.
Salesforce’s Fundamental Analysis
As I write this, analysts’ consensus estimate calls for Salesforce -- which offers increasingly cloud-based, AI-focused CRM software -- to report $2.45 in non-GAAP adjusted earnings per share on $9.4 billion of revenue for the three months ended roughly Oct. 31.
That would compare fairly well with $2.11 in non-GAAP EPS and $8.7 billion of revenues in the same period last year.
In late August, the firm guided revenues for the latest period to about $9.3 billion to $9.4 billion, so analysts’ consensus view is toward the higher end of that range.
Meanwhile, 24 of the 36 sell-side analysts that I can find who cover Salesforce have increased their earnings estimates since the current quarter began, while the remaining 12 have cut their numbers.
As for Salesforce’s balance sheet, the company had a $12.6 billion cash position as of July 31 after reporting $755 million of free cash flow in its fiscal Q2 and $11.5 billion over the trailing 12 months.
Current assets also totaled $21.9 billion as of July 31 vs. $21 billion in current liabilities.
That liability print included no short-term debt, but $15.2 billion in unearned revenue -- which as we know is not a true financial obligation, but an obligation of goods and/or services owed.
This put the firm's current ratio -- which was barely above the key 1.0 level at the headline -- at an envious 3.78 when adjusted for those unearned revenues. In my opinion, that’s a healthy balance sheet.
Salesforce’s Technical Analysis
Now let’s look at CRM’s year-to-date chart:
Readers will see that the stock has completed a “cup” pattern that began back in early March, and then added a “handle” just this month.
Now, as a cup adds a handle in a cup-with-handle pattern, a stock’s pivot point traditionally moves from the cup’s left-side apex to its right-side apex.
That would put CRM's pivot point at $348 -- not far from the $331.92 that Salesforce was trading at as of Monday morning. Obviously, a take and hold of that $348 pivot could prompt many investors to set a significantly higher target price for the stock.
Meanwhile, readers will also note that Salesforce has already taken and so far held its 21-day Exponential Moving Average -- or “EMA,” denoted with a green line in the above chart.
The stock has also taken and held its 50-day Simple Moving Average (or “SMA, denoted with a blue line) and its 200-day SMA (the red line above). So, there’s already an uptrend in place.
This is confirmed by Salesforce’s Relative Strength Index (or “RSI”), as marked with the gray line at the top of the above chart. Salesforce’s RSI was at 59.25 as I wrote this. Anything above 70 is considered to be technically overbought, but anything between 50 and 70 is considered to be positive.
The one potential fly in the ointment is Salesforce’s daily Moving Average Convergence Divergence indicator -- or “MACD,” marked with the black and gold lines and blue bars at the chart’s bottom.
The stock’s MACD is currently postured bullishly, but is in a tenuous position. Yes, Salesforce’s 12-day EMA (the black line) is above its 26-day EMA (the gold line) -- but just by a smidgen, and that always could change.
The stock’s MACD is now in a tenuous position. Salesforce’s 12-day EMA (the black line) is running concurrently with its 26-day EMA (the gold line). Both are still well above zero -- which is a positive -- but that could always change.
And one less-than-positive development is in the histogram of the stock’s 9-day EMA (the blue bars above). It has slipped slightly below zero -- not necessarily a warning sign, but a potentially skittish one.
Add it all up and I see Salesforce’s chart as a positive one overall -- but one that leaves just enough doubt to consider downsizing highly exposed positions, or at least hedging your risk ahead of next week’s earnings.
(Moomoo Markets Commentator Stephen “Sarge” Guilfoyle had no position in Salesforce at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material.
Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
2025 is the year of the SMALL CAPS! 26% Higher2025 is the year of the SMALL CAPS! 26% Higher
Russell 2000 - AMEX:IWM AMEX:TNA 🤏🧢
2025 is the year of the SMALL CAPS!
While some are saying the Small Caps run is over, I say we are going 26% HIGHER!!!
You have to understand that the Russell has lagged the ENTIRE market over the last two plus years and they have a lot of catching up to do. You either get that through AMEX:IWM running up to the NASDAQ:QQQ , the Q's falling down to meet the Russell, or them meeting halfway.
I believe we are going to get a decent size pullback on the Q's eventually but for right now I say the Russell runs FAST to catch the runner that is fading.
The chart also tells us everything we need to know.
- H5 Indicator is GREEN
- Cup n Handle Breakout with a successful retest...You now what comes next! ☝️
- Wr% has it's consolidation box and is thriving.
- Free roam on the ATH's space 🐔
🎯 $259
📏 $306
NFA
CRM eyes on 212 then 208: earnings dump nearing BUY levelsEarnings Report caused a massive dump.
Now approaching some key support zones.
The "wait 3 days" rule might bring it to us.
$ 212.34 - 212.34 is the first support below.
$ 207.55 - 208.20 next, a must-hold for bulls.
$ 223.06 - 224.58 is the immediate resistance.
=========================================
CRM potential Breakout to 424+CRM is setting up for a classic bullish breakout trade, showing multiple strong technical patterns that align with a high-probability long setup. The short-term moving average has crossed above the long-term moving average, a strong bullish signal indicating sustained momentum. CRM has shown strong bullish momentum, confirmed by multiple technical patterns. Look for increased volume on the breakout above $348 to confirm the move. The trade offers an attractive risk-to-reward ratio of at least 1:3, depending on the stop placement.
Ascending Triangle
Higher lows are forming as buyers step in at increasing levels, while resistance remains flat at $348. This shows accumulation and strong bullish sentiment.
Breakout Target: $348 + $76 = $424
Targets:
First Target: $ 400 (psychological level).
Final Target: $ 424
Trail stops once the first target is hit to lock in profits.
I will enter this week a position (options) and will update this post accordingly.
SALESFORCE $CRM - 5/17 - THE STOCK GAUNTLET CONTINUES! ⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 5/17
5⃣ NYSE:CRM - SALESFORCE
Video Analysis:
Show some love by: ❤️
LIKING l FOLLOWING l SHARING
Hit the🔔as well to be notified when each video drops
NFA #tradingstrategy #HIGHFIVESETUP
NYSE:CRM
Reversal Incoming CRM Sells Are PossibleWhat do you know about Gravestone Doji?
The Gravestone Doji candlestick pattern can be interpreted as a bearish reversal when it occurs at the top of uptrends. The Gravestone Doji can help traders see where resistance to a pricing increase is located. It is typically used with other technical indicators to identify a possible uptrend. What Does a Gravestone Doji Look Like? The Gravestone Doji chart pattern is an inverted “T”-shaped candlestick created when the open, high, and closing prices are nearly equal. The most important part of the Gravestone Doji is the long higher shadow.
Why Is the Long Upper Shadow Important?
Technicians generally interpret the long upper shadow as meaning that the market is testing to find where supply and potential resistance are located. Bulls Rejected by Bears The construction of the gravestone doji pattern occurs when bulls press prices upward. However, an area of resistance is found at the high of the day, and selling pressure pushes prices back down to the opening price. Therefore, the bullish advance upward was rejected by the bears.
Limitations of the Gravestone Doji
Although the Gravestone Doji can indicate the coming of a bearish price change, traders should not rely on this indicator alone: True Gravestones are rare since open, high, and closing prices are seldom the same. Successful traders will typically wait until the following day to verify the possibility of a downtrend after a Gravestone. If the Gravestone appears after a pricing downtrend, it can indicate that a price increase may follow. A Gravestone accompanied by higher-than-usual volume is more reliable than one with low volume.
Salesforce Set to Soar: Here’s Why!NYSE:CRM
Salesforce Set to Soar: Here’s Why!
Salesforce is primed for a major move higher, and here’s why:
1️⃣ #HIGHFIVESETUP: Our proven trading strategy signals bullish trends.
2️⃣ Bull Flag Breakout: Already breaking out, heading toward the next key point.
3️⃣ Massive 3-Year Cup-and-Handle Pattern: NYSE:CRM is on the verge of a significant breakout.
4️⃣ Impressive FCF Growth: Driving higher margins and profitability.
🎯 Price Targets:
First Price Target: $383 (Aug 2025)
Second Price Target: $500 (2028)
What do you think of this trade setup? Are you adding it to your watchlist?
NFA
#trading #QQQ #SPY