CRM Analysis Bullish Over: 254.38
Bearish Under 240.14
Gap Fill: 218.35
Descending Triangle with extremely low volume and wide price swings. I'm expecting a big move soon. If the double bottom holds and we break to upside 270 can easily be hit in the next 2-3 weeks. Same for a break to the downside with 218.35 target in 2-3 weeks.
CRM
💻 CRM (8/31) - (9/11) ☁️ 💻 CRM ☁️
Current Price @270.49
Nice pump and pullback last week. Key support to watch is @268.20. Breaking and holding over @272.40 will start a nice reversal to retest @276 resistance. Above @276 we'll find @279 (ATH)
On the downside, CRM going under @268 will most likely pullback to 264.6 support. Failing to hold and we'll find @261.
Bearish if CRM somehow gets sold to the ground and we find under @260, expect a nice flush down to low @250's.
Salesforce - unbelievable rise, defies gravity, software FTWSalesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that.
Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point I am just totally impressed.
The Regression trend on the chart is meant to show how big the pop was as it spiked to all-time highs after beating earnings and being added to the Dow. It's the first cloud stock to enter the Dow. That alone says a lot.
Anyways, I am not long and don't plan on buying at any time soon. But, kudos to the team as they have proven me wrong. That's for sure.
CRM - 10.18% Potential Profit - Uptrend CorridorStrong level of support, confirmed multiple times over the past 5 months in an uptrend corridor.
Price bouncing on the support line.
- Historical Uptrend
- RSI + Stoch (NA)
- MACD (NA)
Suggested Entry $193.73
Suggested Stop Loss $214.69
Target price $189.47
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Signals for 17/07/2020Signals 17/07/2020
Hi Guys, we were away for a while, but we’re back with some signals
EURUSD – the price is trying to hold above 1.14030, if it manages, long with a target at 1.15. If it impulses below, short at a pullback with a target 1.134
XAUUSD – The price is trying to hold above 1795, I recommend a long with a target at 1900
MSFT – I expect a pullback to 197, reversal model (false breakout OR bounce), followed by an up move, target at 215
SNPS – I recommend a long with a target at 203
CRM – the price tried for a false breakout of 184, either that works out, in which case enter with a target at 202, but what might happen is a drop to 171, in which case wait for a reversal model and then long with targets at 184 and 202
GD – I expect a pullback to 144, a reversal model, and then an up move. Long with a target at 156.
Right, that’s about it, I hope you found this useful, have a good one.
Salesforce $CRM "cup w handle"$CRM has just cleared $184.80 handle buy point yesterday. RSI broke the trendline too and the volume was more than average.
12 months Consensus Price Target: $198.50
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CRM Bullish (ER Run Up)Symmetrical Triangle + Bullish Channel (Time Frame Confluence) + Momentum
I'm expecting CRM to continue in the bullish channel up to a price target of 189.98 (Supply Zone) before seeing a big pullback. No loss of bullish momentum yet but will wait for a break above 180 before entering Long.