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 trade ideas
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.
Another Textbook Market Cycle: Short CRMAfter an asset goes on an exponential run-up, it has a major correction. CRM looks poised to plummet over the next few months, as it has formed a very nice short opportunity here at $142. This chart is very similar to Bitcoin, in January of 2018.
CRM looks to be stopped out by the 100MA (white line) as well. It looks very similar to the S&P in early December, before its major plunge.
Moon zone for salesforce.
I think technology will be useful and this channel will be respected, the strength will be up in the long run.
I just want to respect the cycle of many technology companies.
$CRM Bullish Channel - Unusual Options Activity$CRM Salesforce.com holding within what looks like a bullish channel for the last few months.
- Bullish options activity today with 15k $155.00 strike (OTM lottos trading for under $1.00 - Delta 0.11) Jan 18th 2019 call options traded for $1M in premium against OI under 5k. As well as 3.8k $135.00 strike (ATM - Delta 0.54) Feb 2019 call options traded for $3.3M in premium against OI just over 1k.
Price target based on channel trend lines = $153 by mid-January (which would mean I'm forecasting the $155 lottos will expire worthless)
Note: Informational analysis, not investment advice.
Short CRM- broken top
- rejection at weekly RSI 50
i will not short it ... just trying to prove to a friend that the 120 bottom will NOT hold !
is just for recording.
CRM: Risk for Topping Due to RotationSalesforce.com has had a great run up from the 2015-2016 correction. CRM stock is now showing an extreme Angle of Ascent on the weekly chart and has risk of a potential topping action. Support is weak at the bounce area at this time. The stock shows steady rotation patterns as the final peak high developed. Rotation is the lowering of inventories of a stock by Dark Pools.
Salesforce "Stocks To Consider For Purchase"A very compelling new fundamental evaluation
by Trader debeburn of Salesforce, the cloud computer growth stock
caused me to literally go to CRM chart,
and see if there were also confirming technical evidence
that could support a powerful stock advance in 2019
What I found there was also equally compelling.
Salesforce recently had a "selling climax purge bottom"
down to the 113 level in late November,
before rallying back sharply into early December,
establishing a clear Bottom on the chart.
By my reading of the Salesforce chart,
if the fundamental explosive growth potential in the company develops as expected,
and the overall market were to mount a recovery effort in 2019,
then Saleforce chart suggests a potential intermediate target of $200 a share.
A breakout near term above 140.50 near term could be very bullish for this stock.
Keep your eye on this companies cutting edge market leadership
from cloud computing that could power Salesforce
from a corrective price basing technical bottom in late 2018,
to EXPLOSIVE market leadership and growth,.. for 2019.
CRM Last 137.27
THE_UNWIND
12/11/18
NEW YORK
