May the force (sales) be with youSaleforce
Short Term - We look to Buy a break of 192.11 (stop at 179.00)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This stock has recently been in the news headlines. A bullish reverse Head and Shoulders is forming. A break of yesterdays high would confirm bullish momentum. We look for gains to be extended today.
Our profit targets will be 232.75 and 240.00
Resistance: 190 / 224.00 / 260.00
Support: 168.00 / 140.00 / 115.00
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Salesforce
CRM: Its not all doom and gloom!!Saleforce
Short Term - We look to Buy at 168.45 (stop at 151.44)
They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good risk/reward.
Our profit targets will be 222.00 and 240.00
Resistance: 185.75 / 224.00 / 260.00
Support: 168.00 / 140.00 / 115.00
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SalesForce (NYSE: $CRM) Wicks Under The 0.786 Fibs! 🕯️Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company's service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.
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
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 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.
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 ..
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
CRM active setup. Let's see how this performsToday we will talk about CRM. Here we have an active setup, and we will explain why we decided to develop it this way.
Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could observe 0 resistance levels after that.
Time Horizon: When you are trading a big structure, you must understand that these types of setups take a lot of time to evolve. However, that's not a problem if you know how to handle your anxiety and have other setups or strategies running with this.
The target: Is a convergence between fibo extensions and an ascending channel that is not defined yet (we need a new ATH to confirm it. However, if that happens, the alignment is pretty good.
Activation Level: Our entry price is always above minor resistance zones of the corrective pattern, or in other words, "Always above B." That way, we avoid a lot of fakeouts.
Invalidation Level: IF everything goes wrong, the invalidation level we have is below the structure. There we will automatically close our setup losing 1.5% of our Capital.
Thanks for reading!
CRM: Could be breaking out of the consolidation soon!Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months.
CRM will be reporting their Earnings on 25th, and price could gap up.
Stop loss can be placed below $237 .
Target will be at $270.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Trade Idea on CRM - Trading the Flag PatternHi! Today we will share with you a trade idea (real setup we will execute on CRM)
First, let's understand what we can see here from a technical perspective.
a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level.
b) After a huge GAP that broke the expanding structure, we observed a 270 days consolidation (Flag Pattern).
c) In June, we saw the breakout of the Flag Pattern that tends to anticipate the beginning of a new movement once the price reaches a specific confirmation level (ABOVE "B")
d) Based on the previous items, we have defined pending orders above "B" and stop loss below "C" the key idea of these levels is that they are on price levels that provide good confirmations in term of broken levels. This type of approach increases the possibility of success.
e) What about the target? We have used a principle developed by Elliott, "New Impulses have correlations with the previous ones." In this case, using the previous impulse (Before the Flag Pattern), we can draw Fibonacci Extensions (nothing more than fixed proportions) to define 2 targets.
f) How long can it take this movement if everything goes as expected? Between 200 and 350 days.
g) How much do you risk in a setup like this? ALWAYS 1% OF our capital, never more. What does it mean? If you have a 10.000USD balance, you want to have a maximum loss of 100USD if the price reaches the stop loss.
Is this a forecast? Not at all; this is a scenario that our system tells us, "Here you have a 50% chance of having a winning setup, with a risk-reward ratio of 2.36" With that clear, this is a bet we will take 100 times. The most probable thing is that we will be wrong 50 times and right other 50. Our main goal is developing a positive expectancy over the long term. In other words, "an edge."
Thanks for reading!
CRM - Time for Calls!After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels.
I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well.
With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65, indicating a possible short-term upside of 12.27%.