CRM Trend ReversalCRM recent news leaves them a great buy going into next year; Bought the ER dip; Has room for a gap fill up to 236, PT1 240
FOO trade ideas
SALESFORCE - Oversold and a good entry pointSalesforce is looking oversold to me and is heading straight for a support level that previously was a significant resistance (look at that breakout once buyers broke through). RSI is showing this as oversold.
I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future.
Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses.
I'm buying this for a mid to long term hold.
CRM long ideaCRM has been selling off on the news of the acquisition of SLACK and as a result, the stock has managed to fill the pre-earnings gap. Currently, CRM is trading at the lower range of the 4 HR channel and is also forming a massive flag on a longer timeframe looking ready to reverse and return back to the upper channel. I'm looking for a break above 230 for long swings with stops below the 222 and targets 238, 247, 254. The above ideas are my own and should not be treated as investment advice of any kind. Please do your own DD before investing.
CRMInfo only, not advice
Recovering from the news of them purchasing Slack Tech.
Still very strong and plenty of potential upside
CRM 12/6- Completed WXY correction at .382 fib
- approached oversold on daily RSI, now curling up
- selling climax suggesting selling is over
- stochrsi buy signal
- perfect bounce off of .618 fib fan
CRMI'm not one to take bearish positions in a bull market, but CRM is a decent opportunity to the short side
$CRM with a bullish outlook following the earning releaseThe PEAD projected a bullish outlook for $CRM following a negative under reaction after its earning release placing the stock in Drift D
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$CRM - on sale $CRM took a hit at earnings and due to acquisition of SLACK. It's a solid stock to put into your long term port and it's at a steep discount right now
CRM approaching BUY level.The move to remote work has found many companies adopting new technologies in order to keep business running. But even as life goes back to a new normal, some systems will likely remain in place due to the added efficiency they can bring to operations. Salesforce is counting on that approach, with its recent announcement that it will acquire the messaging service Slack this week.
Salesforce’s customer relationship management (CRM) platform is used across multiple industries, including retail. The cloud technology supports the selling, strategizing and marketing of commerce in a single centralized platform, which enables users to see all their customers, data and tools in one place. This unified approach can help streamline operations – a critical benefit in a competitive landscape like retail in 2020.
CRM Heavily Oversold Bouncing off Reliable SupportsA quick look at what I'm projecting viewing the hourlies. Seems like Saleforce is bouncing off so strong support.
CRM - SupportCRM down afetr earning stright into support level
both horisntal and lower end of the channel
CRM going down to support lineCRM possible downside is 10%, relying on CRM/NDX dynamics.
It this point we aim both
-most recent horizontal support line
-lower bound of ascending channel
