CRM bullishsaw some above avg bullish vol friday. Leaving a piercing line. Bouncing at the 382 fib level
if it falls below $262 level, looking for the 20 daily SMA to be the next support at the 50% fib level
buying calls above 267.41
CRM trade ideas
$CRM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CRM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
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Inverse Bat PatternOnly GAMBLE the money you are willing to lose!
Short plays here. Do take some profits along the way down.
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.
crm shortcup and handle.. 1st support level and tp1 at251. ..252.. 2nd support level and tp2 at 234 ...236
CRM Bearflagging after rejection at top of channel Will likely pullback to 260 next week.
(Not advice, opinion only).
CRM ContinuationCRM broke outside the descending channel and it is setting up for some continuation.
Waiting for entry above 251.25 with targets at 266.40 and ATH
CRM in the way to reach ATHCRM is a market leader and has been breaking earnings for almost a year, this time I think it will reach all-time high again and we'll see how it goes from there.
Trade Idea $CRM #momentumtradeThis is not financial advise
This are trade Ideas
Of stocks that are in a
Momentum set up
Trending upwards
Salesforce Ponzied - Double Top - Large Cap Stonksvaluation matters. Seems to have caught the $doge buzz. Buy Buy Buy. lol
NO.
Profit TODAY matters most in *rising rates environment.
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!
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!
Update: Salesforce.com Inc: - Take Profit HereThe share is trading in the upper end of my 'take profit' zone (now at $261). Not a fast mover, but target range has been hit. Earnings due Wednesday however I would consider banking here, to avoid 'event risk'.
Original idea attached.
Salesforce.com (CRM - NYSE)Flag pattern breakout with a bullish pin bar formation.
Price is like to form a continuation if it is able to hold at this zone.
CRM 20-07-2021 LongAsset and Time frame -CRM,1D
Entry Price -240.41
Exit(Stop Loss) -235.52
Exit(Take Profit) -256.15
Technical Analysis -Price has been going upwards in a daily trend line channel, price reacted strongly to the median line with a hammer and now confirmation candle(when the candle close), volume has been picking up the last few days.
Next week targetEntry: 253-255
Stop loss: 244
Reward/Risk:5
Target range: 280-300
Time Frame: 1-2wks
Possible gain: 11.2(20% for second target)
Possible loss: 2.2%
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.
VCP Pattern ,Accumulation and Long, BreakoutSimilar pattern from Mark Miervini's book
Rules of VCP
* Volatality to contract from left to right.
* Stock Going from greater volatility on left side of the price base to lesser volatility on the right base.
* Each successive contraction contained to about half (plus or minus a reasonable amoiunt) of the previous pull back or
contraction. CRM 's Contraction T1 20% T2 is 12.18% T3 6.78 % T4 3.70 % T4 still active 2 days 23 hrs left at the time
of writing
* The volatility measured high to low. Small RED volumn bar Big Green Volumn. Volatility decreasing. Selling Activity Dried up.
CRM Earnings Runup + EW-Earnings coming up for CRM, and currently rolling up for a potential wave 5 move
-MACD turning bullish
-Potential long trade idea on the breakout of consolidation or bounce off consolidation support
-Price targets: 256 / 263
-Exit BEFORE earnings regardless of whether price target met or not
-Trade confirmation: MACD stays bullish, 9EMA stays over 21EMA, volume validating move out of consolidation
Minervini VCP PatternPerfect volatility contraction pattern breakout on watch.
The price has been consolidating for several months. The break over 250 should result up trend with target prices of major pivots above. Entry on break of 250 with volume or, retest of the break.
