Expecting Salesforce Price Rejections Below $240Expecting to see price rejections around 234 level as sell off continues on Salesforce. With the daily rejection on last week trading day, this might be a reversal signal...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
CRM
Software at 200sma + HorizontalIGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs.
Trade setup is drawn in chart. The risk-reward-ratio is above 4.
Top 10 holdings
MSFT (10%)
CRM (9%)
ADBE (9%)
INTU (7%)
ORCL (6%)
NOW (5%)
ADSK (2%)
PANW (2%)
SNPS (2%)
WDAY (2%)
Good luck.
CRM Ready to Crash?CRM looks to have lost its bullish momentum. My guess is that it'll consolidate near the $312 resistance before ultimately falling to AT LEAST $287. My bold prediction is that it'll fall to $267 by Dec 10 and use the top of the gap as a support for a bounce but...Only Time Will Tell
Let's all buy a metric shit ton of $CRM and get rich.This is a chart of $CRM. The bars pattern is of $FTNT. You can do this with $ADBE and a number of other tech stocks as well. You'll probably notice $ADBE is leading, I'm betting $CRM will follow. Both will catch up to $FTNT.
The structure is ready, we've been drawing this bull flag forever. We've lost all hope in stocks. Biden flushed everyone out that is scared of a little tax bump but only poors worry about taxes... they sold the bottom. It's time.
CRM POTENTIAL 5 POINT MOVECRM is showing a potential break on the Daily Chart for a short 5 point move to 300.
The 1hr is already showing an entry with initial room to 295 first and if price breaks 295, it has room to 299-300.
Stop loss 289.50.
I like the consolidation back to the 21Ma on the daily chart and the weekly chart isn't bad either.
10/17/21 CRMSalesforce.com Inc. ( NYSE:CRM )
Sector: Technology services (Packaged Software)
Current Price: $291.66
Breakout price trigger: $284.50 (hold above)
Buy Zone (Top/Bottom Range): $289.80-$275.50
Price Target: $332.00-$335.90 (1st), $418.00-$422.00 (2nd)
Estimated Duration to Target: 110-117d (1st), 335-374d (2nd)
Contract of Interest: $CRM 1/21/22 300c, $CRM 1/20/23 400c
Trade price as of publish date: $12.50/cnt, $9.85/cnt
CRM what s Next ?CRM has reached the first target relative to the last Movement (see My idea : Sales Force : Signal confirmed to Buy 09/19).
Now we begun a correction phase, before to continue to next targets.
For the buyers not yet to enter, we must wait for rebound. May be at 269.26.
If we break this support it’s not good and we must stay outside.
For the sellers the trend is still bullish, but if the chinkou cross the prices it s a signal of weakness.
So let’s see ..
The Magical 50 days Exponential Moving Average (50EMA)In 2021, we should take the price reaction to 50EMA very seriously! Especially if you like to buy the dips!
I believe it could be single best tool to help you find the best entry and exit point in many tickers..!
Let's review few examples:
1- NASDAQ:NVDA
2- NASDAQ:MSFT
3- NASDAQ:AAPL
4- NASDAQ:GOOG
5- NASDAQ:FB
6- NYSE:CRM
7- NASDAQ:CSCO
8- NYSE:SNOW
9- NYSE:BAC
10- NYSE:XOM
and major indexes:
SP:SPX
TVC:NDX
TVC:DJI
What is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity, or other asset charts. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Price action generally refers to the up and down movement of a security's price when it is plotted over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders.
Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades.
How to Use Price Action
Price action is not generally seen as a trading tool like an indicator, but rather the data source off which all the tools are built. Swing traders and trend traders tend to work most closely with price action, eschewing any fundamental analysis in favor of focusing solely on support and resistance levels to predict breakouts and consolidation. Even these traders must pay some attention to additional factors beyond the current price, as the volume of trading and the time periods being used to establish levels all have an impact on the likelihood of their interpretations being accurate.
Limitations of Price Action
Interpreting price action is very subjective. It's common for two traders to arrive at different conclusions when analyzing the same price action. One trader may see a bearish downtrend and another might believe that the price action shows a potential near-term turnaround. Of course, the time period being used also has a huge influence on what traders see as a stock can have many intraday downtrends while maintaining a month-over-month uptrend. The important thing to remember is that trading predictions made using price action on any time scale are speculative. The more tools you can apply to your trading prediction to confirm it, the better. In the end, however, the past price action of a security is no guarantee of future price action. High probability trades are still speculative trades, which means traders take on the risks to get access to the potential rewards.
Conclusion:
Monitor asset reaction to 50EMA and define your entry and exit strategy based on this simple tool!
Reference Article::
www.investopedia.com
CRM Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Salesforce - Wait for a good Entrance!-SalesForce, a great company to buy. Currently is going through a bearish run which will possibly end after another 1-2% drop.
-We are waiting for it to find the support at which level we are planning to enter to our position with CRM.
-Possible support is expected to come at around $260-$261.
PLAN - Bullish call flow Aug 27thAnaplan, Inc. is a cloud-native enterprise SaaS company that helps improves business performance. Options - Over 3800 Sept $70 calls bought Aug 27th, Put/Call ratio is .21. Related tech business software names that did well for earnings, TEAM, MNDY, CRM, BILL. Currently above the 200 SMA, $61.8.
Salesforce Analysis 24.08.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!