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CRM

CRM likely test 215 to gap close, buyable on technical reversalCRM has gained 48% this yr or 50 bil market cap into a total of 200 bil. The gain is a small potato compared to the new market darling such as SNOW, DASH, AI and ZM, PTON, ETSY, CHWY. It has the disadvantage of a large flow and low short interest so it's not a cult stock. So it acted like all mega-caps like AMZN AAPL FB NFLX with large flow and small short interest, it's choppy aimlessly. It's a stock to consider at money IC or 2 ATR and plus an upside butterfly as it is close at ST support. One is to generate income and the other is to anticipate a bounce but not a huge one, $20 to 30 upside. The range is 220 to 250 where there would be major resistance.
NYSE:CRM
by Jonas99
1
Long Position on CRM?CRM has shown strong support at $220 in the last few trading days and has shown weakness at the $229 wall. The $228 support that we found in October has subsequently turned into a resistance point. The following are the three outcomes for CRM stock in the next 3 months: 1. If it smashes $229 resistance, the stock could rally to $240 2. If support at $220 is broken, next support line is $215 3. If $215 support breaks, the stock is likely to trade between $190-$205. If you are planning to go Long on CRM, do these things: 1. Watch the stock on Friday and see how it plays out. With the vaccine news out, I see it going lower. What you should do is see if it holds $220 support. If $220 holds, buy 25% of what you intend to buy. 3. If $220 support is broken, wait for a pullback to the $215 line and buy another 25%. 4. If $215 breaks, buy the remaining 50% of what you originally intended to buy at $205-$208. 5. Set your stop loss limit at $190. This is a worst case scenario, but it is better to manage risk to the downside, considering the current market conditions.
NYSE:CRMLong
by UnknownUnicorn10016235
1
Salesforce - is it correction time? or is slack to heavy...So CRM bought slack in a fairly expensive price and this caused investors to pull out and run -which is good because the stock needed to retrace and retrace the gap area between 220 -250. let’s focus on technical : Stock is moving in a downward trend with no lower highs only lower lows which means we are technically not in a downtrend ! the gap from 25th of August was finally filled and now the stock can keep climbing in a safer manner. the best part is we are seeing the correction from the drop beginning to correct and it fits our Stoch & ATR but most importantly it fits our POC and volume that indicates price should go back up to 250 (which is where the august gap ended - the wonders of volume never stop :)) So, stock needs to climb up to the 250 and make sure you keep in mind the 270$ line resistance that was tested several times and not broken To sum up, buy position to the 250$ line then we let it correct down for a day or so and jump back in to the 270$ line please note this trade is a quick one I assume a rise in Monday morning premarket and once market will open, we will already be halfway there so make sure you are in on time Happy Xmas and trade safe!
NYSE:CRMLong
by FDGT_academy
Salesforce bought Slack for $27 billion. What next?I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story... Before we get to the bear case, let's dive into one more interesting thing: Salesforce is officially going after Microsoft and Microsoft is going after Salesforce. Microsoft bought LinkedIn to essentially build its own CRM system for sales and contacts. They saw what Salesforce was trying to do. Now however, Salesforce is flipping the script. Imagine the following: Slack docs Slack spreadsheets Slack video You name it They are now going right after Microsoft Word and Excel. Also, to some degree, Google Business Solutions. That's where the bear case begins, however. This space is extremely competitive now and it's requiring more and more risk. A $27 billion acquisition? Salesforce could not build their own Slack for $27 billion? Salesforce could not find another cheaper company to acquire? Meanwhile companies like Discord are growing fast and coming for Slack. It seems that Salesforce's recent weakness, and point of this chart that Salesforce will return to its Volume Profile node, is that some long-term investors and holders are slightly weary of the cash spend and M&A mania that Salesforce has been on. They keep buying, rather than growing organically.
NYSE:CRM
by scheplick
9
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.
NYSE:CRMLong
by UnravelTrading
3
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.
NYSE:CRMLong
by ShukriMahadi
$CRM - Watching the 100 day EMA$CRM Testing this theory. $CRM seems to typically be supported by the 50 day EMA. If it fails and also fails the 100 day then the next bullish test is a return to the 100 day. Historically there has been a return to the 100 day and then a move up or down. (I’m showing support at the trend line but it could find support at the 200 day). On it’s return to the 100 day if it break through it is bullish, but if it resists it is bearish. If at any point it loses the 200 day support I am bearish Seems like earnings on Tuesday should propel CRM higher but these last few weeks have seen some good earnings reports be reward with negative stock prices - see $WDAY, $LOW, $HD, $SHOP, etc. “I’m not an expert but I have watched a lot of youtube videos.” NYSE:CRM
NYSE:CRM
by jonwayne02
3
022. PIGGISH PLAY - LONG Digital Turbine + CRM Earnings StrangleEver wonder what it would be like to have your cake, and eat it too? Go ask Paylocity - it's the biggest mooch on the street. Why am I starting with the optional/bonus part of this position? It is because: 1) APPS technicals are so profoundly bullish that I may just avoid mentioning them entirely in this description, and 2) It's pretty damn funny to observe how parasitic Paylocity's stock price is when it poaches CRM's much-needed volume - only to cut all ties a few hours later, leaving the premises without waking CRM up in the morning. Anywho, I think we might just have a very affordable, synergistic means of playing CRM's earnings report on Tuesday using Paylocity calls, APPS calls, and CRM puts. If CRM smokes its estimates, Paylocity will most definitely skyrocket given its latest performance and APPS will rip higher if it can hold that unbelievably steep lower trendline. Seriously - this sort of consolidation is extremely rare for such a young company. It reminds me of how Tesla and Shopify used to be - before fundamentals were discarded for Stocktwit sentiment indicators - except that APPS's early stages seem even bullish-er. Don't believe me? Take a look at how both of these monsters grew up around 40 bucks/share and compare them against the top chart. APPS has them beat in every category; particularly its incredible rate of consolidation and ability to recover 4-5 points higher on any given day. While Tesla can do this on a much bigger scale now, it took them forever to get to this point. This stock can do the same damn thing and it's only at 40. Onto the Pig Play Details: This is an Options-Only play that allows more risk to be taken because of the offsetting positions. If you want to buy and hold equity, go right ahead but I don't have an offsetting solution for you that would be worth the risk in this spot. If Monday is choppy and slightly red, wait until the end of the day to enter all three positions simultaneously. There is zero reason to take on the additional risk for some sort of premium scalp if ZM catches a bid before it reports - or something like that. On the other hand, if it is an insanely bullish day from the start because USD Monopoly Money is recognized as somewhat fraudulent by all of the countries that have been blindly buying our notes, then I'd recommend focusing on entering the APPS calls first and foremost, right on the button. Now time for the Pig-Specs: ALTERNATIVE 1: LONG BULL WITH SIMPLE OFFSET (APPS CALLS, IWM PUTS): APPS (CALLS) - BUY - (45 Dollar Strike, 12/18/2020 Expiration) IWM (PUTS) - Use about 1/3rd of the capital used to purchase the APPS calls and buy the second strike behind the then-current price and a 12/04 expiration. If you don't like wasting money, I suggest you ALTERNATIVE 2: LONG COMPLEX SOFTWARE ER STRANGLE WITH (APPS CALLS, CRM PUTS, and PCTY CALLS): 1) APPS (CALLS ) - (same as above), you get to choose how many you want to buy since you are autonomous (unlike Paylocity). Just know that the net cost of the other two positions should roughly equal 75% of the amount allocated to this main long call position. 2) CRM (PUTS) - BUY - (1-2 PUTS, NEAR THE MONEY, EXP 12/04/2020 Expiration) While these are both stupidly expensive and unlikely to hit, it is a NECESSARY part of this play. You are getting a severe discount on the relatively large number of calls that you wouldn't otherwise receive under 99% of circumstances. The overwhelming odds are that CRM beats and that the market will not tank until the NAS touches new highs. However, pay the premium so that you're hedged all day and avoid getting cute by waiting two hours for a discount. Naht in this market and don't come crying to anyone if ya go forward unhedged. 3) PCTY (CALLS) - BUY - (220 Strike, 12/18/2020 Expiration) Allocate 1/3rd of the amount of capital that you just spent on your offsetting CRM puts and purchase these unbelievably beautiful-looking calls that have a ton of implied volatility that will kick up the second CRM reports, a very nice amount of theta to work with, and a strike that can be very easily surpassed this week. Both these calls and the APPS calls are amongst the best deals I've seen all year. Good Luck Ya Software Nerds. - Software Appigation Strangler NASDAQ:APPS NYSE:CRM NASDAQ:PCTY AMEX:IWM
NYSE:CRMLong
by UnknownUnicorn5511258
13
HPE catch some PLTR hype pls?What is HPE? HPE aka Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud. The company offers industry standard servers for multi-workload computing; mission-critical servers; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE MSA and HPE XP. It also provides mobility and Internet of Things solutions under the Aruba brand, which include wired and wireless local area network products, such as Wi-Fi access points, switches, routers, and sensors; software products, such as cloud-based management, network management, network access control, analytics and assurance, and location services; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products. In addition, the company offers various flexible investment solutions, which comprise leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate unique technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. Further, it invests in communications and media solutions, Hewlett Packard labs, and various business incubation projects. The company serves commercial and large enterprise groups, including business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in San Jose, California. This is the cloud division of HP and they been really beaten up this year, i think with the way everything is going, this is worth a lotto for some $13 calls for next year. If it becomes a runner, it'll be like striking gold. Major Support $9 area, Resistance $13.89 area My plan? With all the hype surrounding cloud stocks this year and that crazy PLTR run, maybe it's worth a lotto for some $13 calls for next year. If it becomes a runner, it'll be like striking gold.
NYSE:HPELong
by WallSt007
Salesforce.com - Potential Bullish PivotHey Traders! Salesforce.com NYSE:CRM has been on my radar today and according to my studies... CRM is giving off a strong bullish signal according to where the price is relative to the Bollinger bands and Keltner channel. I drew a few dots on the chart above to highlight the areas of interest so you can see what I look at. The Cyan dot is just to locate the price when it is between the lower Bollinger bands and Keltner channel, this is the area where I start paying attention for a bullish trade setup. The Magenta dots are for when the price is between the upper Bollinger bands and Keltner Channel bands and is when I start looking for a bearish trade setup. I use the white dot as an entry signal as price has come back within the Keltner channel. White dots following the cyan dots are bullish entry signals, whereas white dots following magenta dots are bearish entry signals. The entry signals are what I consider to be pivot points where the stock may begin to change direction. However, this strategy does generate false positive signals from time to time. As an attempt to avoid false entry signals, I take into account the trend of the stock. The stock has been trending upward the last 90 days with a net change of +33% (based on closing price 06/19/2020). Therefore, based on the indicators and trend, my assumption is that CRM could move higher. Ideally, I would like to see CRM reach $260 per share within the next 14 trading days... but who knows what could happen. Keep in mind: The days surrounding the outcome of the U.S. election, market fluctuations, and unexpected news events can send CRM in an unfavorable direction. This idea is not a call to action, nor should it be considered investment or trading advice. The ideas expressed on our TradingView page are for educational and entertainment purposes only. Leave us a comment below! - Are you bullish or bearish on Salesforce.com?
NYSE:CRMLong
by UnknownUnicorn6775423