Salesforce (CRM) - Breakout is ImminentWe have early signs of a breakout above previous swing high, combined with a bullish triangle pattern. Although this pattern is not yet confirmed, a H4 close above is likely to trigger a strong bullish move.
Salesforce
CRM stocks on the way to ATH again?Hi every one
SALEFORCE
This the SALEFORCE.COM INC stocks. this company's central office is in san Francisco ,USA. recent reports of this company has been very Impressive! on the technical side we can see that the Price has been In a Descending channel for a few months. but now the price has managed to break this channel upwardly so there is a strong chance the price of the stocks would Increase from this Point. the price can easily Increase to It's ATH once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Trading Idea - #Salesforce short-termBUY
ENTRY: 217.60 USD
TARGET: 234.56 USD (+8 % profit)
STOP: 207.66 USD
Salesforce is the world's leading provider of customer relationship management (CRM) software.
1.) Testing the support at $ 209.95 provides good timing for buying the security.
2.) The growth in recent years is one of the company's strengths. A further growth of 70% is forecast over the next 3 years (until 2004).
3.) Salesforce is in a great financial position, which gives it immense investment capacity.
4.) But beware! The ratio of "company value to sales" places the company among the world's most expensive companies.
5.) The trend in the last 10 months is clearly negative. Therefore, I only see a short-term buying opportunity.
6.) With a clear breakout of the downward channel, new possibilities arise!
CRM hitting key buying levelsThey say this will come down to $200 which is a key buying level. However, think we have another run up before this takes a turn to go down deeper than it is right now.
by iCantw84it
05.17.2021
CRM - Sales losing the Force..-Since the start of the year tech stocks have taken two legs down, in late February and now, in early May. CRM stock has joined the party both times. It’s down 3% on the year, while the average S&P stock is up 11%.
-It’s due to investors rotating out of expensive stocks and into those benefitting from the end of the pandemic or President Joe Biden’s Administration’s infrastructure plans. Even with this latest fall, Salesforce stock sells at 49 times its earnings. That won’t change at its next report on May 27, with 42 cents of net income expected on $5.89 billion of revenue.
-When the pandemic was on, investors piled into the few names that were making money. Cloud application stocks like Salesforce were among those names. CRM stock peaked at $281.25 per share in late August into early September. Over the last year, you’re still up 32%.
-But there are a lot more places for investors to make money now. You can buy a steel stock like Cleveland-Cliffs (NYSE:CLF). You can buy a cement stock like U.S. Concrete (NASDAQ:USCR). You can even grab a cruise line like Royal Caribbean (NYSE:RCL) and be rolling in profits.
-The light is still on at Salesforce. There’s a succession plan in place, with 42-year old Bret Taylor on tap to replace co-founder Marc Benioff as CEO. Top line growth is still averaging 20%, the company continues to make money.
-Salesforce profits would be higher, except it’s paying a massive $27.7 billion to buy Slack (NYSE:WORK) and compete more closely in office applications. This is not a bad idea. It’s just bad timing right now to go for growth when the market wants margins. That will change and, when it does, Salesforce stock will likely come back.
BOTTOM LINE:
-Tech valuations are compressing. It’s not a mirage. There’s no need to pay 49 times earnings for 20% growth when hundreds of companies are going from loss to profit and, at least in the near term, growing just as fast.
Credit: Dana Blankenhorn
Our Opinion:
We keep our target at around: $185-190
You can use Adobe to make $DOGE memes.If a car is a meme, and the gas is $DOGE, then the highway is Adobe.
Create memes of meme coins, but first, load up on some $ADBE. You should invest in the tools you use.
The bars pattern here is from $FTNT... they're all in the same tech basket. $FTNT is leading, $ADBE $CRM and others are following.
Buy $CRM - NRPicks 07 MarSalesforce.com, inc. develops enterprise cloud computing solutions with a focus on managing customer relationships around the world.
Last week announced quarterly results that exceeded expectations, producing revenue growth to keep the company at the pace of CEO Marc Benioff's goal of $35B by 2024.
Salesforce generates healthy free cash flow, more than 19% free cash flow margin last year, even when Benioff and the company increased spending during the pandemic.
Technical:
Low levels of RSI- Oversold
Price below MA20,MA50,MA100 andMA200
CRM IdeaCRM is down over 30% since its its all-time highs in September is down over 18% since mid-February.
CRM is somewhat risky considering its aggressive valuation however, with the digital transformation of the economy and major shift into cloud services this company's long term potential can't be ignored.
CRM holds a 20% share of the global CRM market which is larger than those of its four largest competitors combined (Including Adobe, SAP, and Oracle).
SalesForce (CRM) Great Entry Point!SalesForce (CRM),D1: Mirror level + Bollinger bands + Spinning Top + Dragonfly Doji + Oversold + Discount.
CRM Stock 09/03/21 Analysis 4H ChartNYSE:CRM (SALESFORCE: CRM )
- Trend Analysis -
📑Value: 8/20
📈Growth: 16/20
💰Profitability: 20/20
🚀Momentum: 6/20
💸Earnings: 8/20
🖇️Total Score: 58/100
CRM salespitchCRM morning gapper here on this spectacular March 8 Monday morning. Playing ping pong off that channel, can it retest the upper trend line and potentially break though? Who cares, I'm entering calls at open for a decent risk reward play here... Good luck trade safe!
Let me know your thoughts!
Thank you
$CRM - Salesforce Earnings PlayI don't have confidence in Salesforce. I haven't taken these options yet, might still update the strategy. It NEEDS to break it's support level before I take the trade.
Salesforce Strategies for Options$CRM. Earnings rose 24% from a year earlier while revenue climbed 20% to $5.82 billion. But its fiscal 2022 EPS target lagged, according to Investors.com
Volume price profile looks good, with POC (point of control being at $226).
Great buying opportunity if it bounces off of $216 Fibonacci.
Strategy: selling put spread below 215/210; buying vertical spread 225/230.
Depends on your outlook for the market in the next 3 months.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
☁️ Salesforce short term - SHORT, long term LONGHi guys, NYSE:CRM on weekly formed perfect bullish flag. Now it is on top of the channel created bearish price pattern and very nice short opportunity with target at $200.
From long term perspective price range from 190 - 200 seem perfect sweet spot to long entry on this weekly bullish flag.
Happy trading!
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Long CRM - SalesforceHi Folks,
I'm new to charting so if there's any CMT's taking a look, please feel free to criticize. Anyways, on to the chart. I like the setup for CRM here. It appears a classic Island Reversal Pattern has completed and the prices are ready to move higher. I also like the risk reward ratio. Traders can risk down to the 50DMA with a reward potential up to the prior resistance. If resistance is broken then prices could reach the prior highs.
So. you'll risk $15 for a $25 upside with potential to $41.
I'll be entering a position tomorrow when the market opens.
Thanks for looking and GLTA.
CRM - Long - My PositionWatching CRM for a break on a very long falling channel. Believe we can see 270 soon.
Entered a starter position today with 4/16 270/310 spread, planning on going in deeper with confirmation
give it a watch.
#flextradinggroup
Salesforce: The Force Awakens 💪In the vast emptiness of the universe, the Salesforce was long subject to much darkness, but it finally regained enough strength to explore new galaxies! In other words, the Salesforce stock has been within our designated target box for long enough after some months of decline. Now, it is time for the stock to leave the mark of $212.99 behind and push for a bullish offensive. According to our calculations, the stock should approach $284.47 and eventually exceed this mark!
May the force be in your portfolio!
$CRM Bullish Flag
Bullish flag formation intact and steadily reproaching our 200 MA. Might look to make a move on this if volume starts to pickup with a breakout and re-test through our top line (Blue) is observed.
