4CRM trade ideas
CRM Round DownCRM is about to finish its last leg of its rounding formation. Resistance is at the 125 level on the short side, which is my target. This can complete by tomorrow.
CRM Round UpCRM is rounding up towards the top of its cup at the 160 level, which also happens to be where the 30ema moving average lies on the daily chart acting as resistance. I believe it can get there within the next day, before it reverses.
Divergence on Salesforce. TP $178. SL $158Price is showing divergence from RSI 5. Long Salesforce until next resistance $178. SL at $158 if price break support $160
Back test the previous break out support , then next?LET's be patient, in order to see the most beautiful nurse, you need to be patient
Worth HoldingDue to market sentiment and quitting of co-CEO, CRM fell to EMA 200 ($163), which was previously a resistance zone before the speculation of Google acquiring it published by RBC, and immediately rebounded from that level to $170.
It might be worth accumulating when market opens as CRM remains a long term winner given the amount of companies it has, constructing an economic moat for the company. High switching cost of the company would also promise stable revenue growth for it although its revenue growth is not as organic and great as before given the law of large numbers.
CRM RetestCRM has now retested and bounced off of old support at $165. It extremely oversold as with the rest of the market, so once the market bounces this will bounce harder. I expect a bounce a run-up to its 50 day moving average at $178.
Salesforce .com Bullish reversal $crm
Strong RSI uptrend intact
Strong reversal of support in Mondays selloff
Strong Moving average support
Fibonacci expansion target $197
Fibonacci extension target $206
Difficult stock to trade into earnings as good results often results in selling.
$CRM Ascending Wedge Reversal trade$CRM has a pretty clean looking Ascending Wedge Reversal pattern forming on the daily. Could push only slightly higher and will breakdown as the wedge tightens imo.
CRM LONG Street Raises 1.3% New High TargetMorgan Stanley raises Salesforce's (NYSE:CRM) target from $216 to $225, saying the company is "ready to yield" on recent investments.
CRM is on an upward trend plus the news of MS raising the price target will have investors buying shares up
CRM— nearing temp end of the climb??After a strong climb since dec31,2019 — after 3 weeks it is now it is near the top of the channel and showing signs of a temporary pullback (possibly.) Might be time to Take off some profits and buy back in, possible—If momemtum trader. Lets see the next days events....
Overall a strong buy rating with 7% upside still to go on big picture views. Strong analyst support given, for buy and hold investors. High price target of $216 by analysts views. Average is $196.40
$CRM Breakout to All-Time HighToday we're looking at Salesforce.com on the 1W chart as price has consolidated into an ascending triangle. Over the past week price has broken through the horizontal resistance around $166 with a very strong weekly candle.
This ascending triangle has a price target of around $214.25 but we may see a small pullback before continuation.
If we see a pullback I expect price to find support on the horizontal chart pattern boundary around $166.
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Sale the ForceHi traders
SalesForce on the move
here with a possibale CRAB pattern
Entry here should be around D point
short.
around price 180
Lets wait and see
Trade the breakout in SalesforceSalesforce has finally joined the rally today and had a very convincing breakout from a long term congestion channel.
CRM, Nice upside to ATH breakoutDisclaimer: not financial advice.
The last earnings established a nice support (green rectangle) and prevented another swing to the downside of -2.0 Standard Deviations (the lowest blue line).
I think we are straddling a few nice lines that will make for a good move real soon.
The gray rectangle is where we have All Time Highs (ATHs). This has been a safe resistance/selling area in the past. Eyeballs are on this line.
As described in earlier paragraph, the last ER generated the green trend line of support. This was an important area of support because it also came at the -1.0 Stdev area. In fact, we did not even break it. The most predictable move was probably to the downside and there was enough strength to reverse that trend.
I like to clone Bar Patterns from past scenarios that looked similar. The red bars were taken from January 2019 when CRM broke to the upside and the red-dotted line (Linear Regression, 500days) became Support. I like how this bar pattern matches up nicely to some resistance at +1.0 Stdevs and support at the green line.
The bar pattern also runs up to the +2.0 Stdevs line right at the next Earnings. I would say there's a lot more risk to the downside at that date but perhaps something like a Straddle into earnings would make sense.
I also like to watch the Fisher Transform and Stochastics for some confirmation. These both look like they do not want to exit their "overbought" territories, perhaps extending a run upwards.
It feels like a breakout of ATH would be imminent and if so would create a nice squeeze up.
