big breakout on the dailyi dont love the starting point of this downtrend but the 2 year chart is pretty ugly
PE still very elevated but a buy on a technical level
1CRM trade ideas
CRM - Adam & Eve reversalThis recent rebound in CRM could have momentum for a sustainable swing up with a confluence of the following technical factors:
1. mini Adam & Even bullish pattern locking in the near term bottom
2. Tested a longer term support zone (apparent on weekly chart)
3. Formation of a strong bullish engulfing weekly candle
4. Good RSI strength (>50)
Theoretical swing target of between 240-248 (gap fill). Will we get there?
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
CRM monthlyCRM, good company with positive cash flow growing, leader in the industry.
In a daily demand zone and a retracement + an interesting moving average on monthly.
Potential buy.
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SALESFORCE: In love with channels As you can see, salesforce really has a preference for channels. Breakouts almost always led to a strong upward movement. Here, too, hopefully.
I would be happy to get feedback.
Updates on ideas will follow.
SALESFORCE - Monthly Demand ContactedNYSE:CRM
CRM has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
CRM has the potential to rocket with institution demand coming into play. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
Buy after the earning resultThis stock has fallen more than 40% from its peak but has since recovered quite well in the last 2 trading days. Notice there is a very nice bullish engulfing candle , a possible reversal signal ahead.
I expect the earning results to be better than analysts expectation and the rally continue to close the gap to 243.30.
$CRM clear bottom: ATH incoming Hi all,
After the correction and retracement of the last weeks, i notice a nice bottom developing where:
- 200 SMA on the weekly chart tested
- bottom of historically trendline
- oversold conditions on indicators as DRSI
- fibonacci on 0.
ofcourse nobody can predict the future, but with that said, i see a potential all time high on the horizon.
Pull Back FishingCRM has a rising wedge, to the left, that consists of a bottom trendline that has not been broken. Rising, narrowing wedges are not valid until the bottom trendline is broken. Unfortunately, I have not seen one that was not broken eventually. Look to the far left.
This is looking like it will go under 190. But who knows?
Price is at the 100% mark from a fall from an ugly top. Price can fall less or more than 100% from an ugly top. There are some bottoms that looked sturdy that have not held and may not hold. CRM has surpassed most of them.
My next alert is at 191.
No recommendation.
CRM at 200 WMA for the first time since pandemicCRM at 200 WMA for the first time since March 2020. With CRM due to report earnings next week, this zone may attract buying interest.
Time to Buy?Price is coming back to a nice level of past support ! I am considering to buy 1/3 or 1/2 position at that level ! The stock has lost 1/3 of its value from its peak and I believe this is a great company! If price goes through the support I will probably add more a the next lower support as indicated by the the trend line and the green arrow
CRM SCALPSomething to consider on CRM $200 is known as a psych level , I say $203 but hoenstly could reach $205
Also Watch MSFT
Will be paying close attention to earnings. (SETUP)Salesforce reported solid revenue growth, including accelerated growth in the company’s largest and most mature product, Sales Cloud. However, shares underperformed due to unexpected weakness in the company’s MuleSoft application integration business that we believe is attributable to temporary missteps in the company’s selling efforts. The company also provided slightly weak guidance for billed but not earned business growth. In our experience, this metric can be influenced by timing issues and is often not fully representative of underlying demand for the company’s offerings.
Buy $CRM - NRPicks 04 FebSalesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud, Service Cloud, Marketing Cloud and Commerce Cloud.
Revenue TTM 24.9B
Net Income TTM 1.7B
EBITDA TTM 3.4B
Debt/EBITDA TTM 3.11x
Buy Salesforce (CRM) at 190$-192$ to target 212$-215$Buy Salesforce at market (probably 190$-192$ range) than w8 some days to sell at 212$-215$
Double bottom on the dailyA double bottom is forming on the daily timeframe with a strong support of 207/208 which has not been broken since August 2020.
With earnings coming up in 2 weeks, I expect this double bottom to bounce to the upside.
Upside levels are 219 then 231.
strength through adversityCrm has struggled to hold an upward trend. I think this is the area to buy with a smart stop in mind. I would like to buy at 205.00. Objective is 250.00.
$CRM Expensive, but some ST value (4/5)Conviction: 4/5
Main Risk: Riding top of channel since inception (2004)
Quite expensive P/S of 8.5 relative to S&P500 of about 3
Thesis:
Seems to be trading in range since surge in 1/2 half of 2020, now at the bottom of range in the last year.
RSI-W at very attractive levels.
Trading between 100WMA and 200WMA and have never gone below 200WMA after recession of 2008.
Seems like a good play.
Multiple BottomsIf I were in this security today, I would place a stop under 201.50 which is the lowest of 4 bottoms, and cross my fingers, tightly, that this congestion zone of support is not broken. That stop is bit further from price than I usually feel comfortable entering a security, especially when Mr. Market has been so volatile as of late, so I will wait just a bit longer. If I miss out, I guess there is always another stock to buy. (o: I do not like buying on UP days anyway.
Earnings 3-1 AMC.
Green lines are major levels of support that I see. You may see different ones than I do.
CRM fell from what appears to be an Ugly top a while back. CRM did not form an ARC on the way up as the chart is not overly steep on weekly or monthly. CRM has now corrected all of the bearish rising wedges that were under price by breaking the bottom trendlines of each one and appears to be trying to recover lost ground. Time will tell.
I do think for the long term, this is a "Long" even though it may pull back again and again, so I clicked Long on the multiple choices of Long, Neutral, and Short.
Yesterday's candle could be an inverted hammer.
The 50 is trying to cross down through the 200 which some call a death cross. Price is below all the major longer term moving averages with several negative crossovers. Moving averages are lagging indicators but I do look at them and these look awful on this chart. Price is under these averages until it no longer is (o:
Some use the ATR (average true range) is based on volatility and some would multiply it by 2 and deduct it from price which is almost the same as a stop under the lowest bottom.
Price fell below the bottom bollinger band in the last few days with the SMA on 80, but has snapped back inside. This is oversold on weekly and daily RSI. CRM is not oversold on monthly RSI.
Chaikin's Money flow is trying to tilt up but is still negative.
The market is volatile and this could just be a rally up, but I have been tracking this one and noted the bottoms. There is a lot of resistance overhead and folks are stuck up there in financial pain who will sell on any rally up.
Short interest is very low. Looking at short interest is one of my rules before I buy anything. It gives me an idea of market sentiment, and frankly, shorties are not always right but most of the time they are.
EPS 4.69 PE 45.37 (on the low side for tech) Mkt cap 208 billion. Revenue is growing quarter over quarter.
No recommendation. If I am wrong on the Long (o; then I am just wrong and all I can do is make an educated guess as to what this may do. I do believe in the long term this would be a good investment if one were to get in at the right level.
Do you think the shorts are still hidden in here ? $CRM idea$CRM nice lower shadow and an inside candle. Can this projects us higher or lower from here ? Drop a comment of what you think of the outcome
$CRM -- It's a BUY $CRM -- It's a BUY.
It looks like $CRM is about to bounce here at the support area.
