CRM trade ideas
Salesforce - more weakness ahead?NYSE:CRM is another vulnerable short opportunity with promising entry right now. Expensive stock with market cap above $200 bln, P/E > 100 and P/S >10, which topped exactly after being added to Dow Jones in late August and trending down since then on poor relative strength.
CRM Price Action Expected-Support at:218$(or ~201$ on the 200 SME) Resistance at:232$(or 262$)
- RSI: 30-40(oversold), OVB: Decreasing volume
-Quarterly Result Trend:Fluctuating
-Target price: 275$ (24% win or 20% win till 262$ resistance )
-BB: Tightening which suggest change in price
I got three buy zone! going to add few share on each buy zoneI got three buy zone! going to add few share on each buy zone
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move).
PS: NOT A FINANCIAL ADVISOR, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move).
PS: NOT A FINANCIAL, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
great chart request! CRM bearish since the gap up.potential dip entry here but this stock broke a big trend channel , every little pop has less juice compared to the one before too. clear signs of weakness near highs. target 200 on a break of 210-215 support. goodluck!
$CRM Trust me. Buy now or regret later!I am a casual trader while managing own online business.
I earn the side-income from options to pay bills, put food on table and even funding my annual travel =D
If you’re wish to do the same, consider to follow me here as I give detailed analysis on TradingView.
All my ideas are for my own opinion. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice.
If this chart help you to earn some penny. Appreciate if you want to donate me. TQVM 🙏
Possible base formed near 220 in CRMLooking at the daily and 4-hour chart on CRM, it looks like a possible cup pattern forming with the base at around 220. It could start moving up in the upcoming weeks.
Possible long-term buy right now around 220-222 with stop loss around 200-210.
CRM SALESFORCE target price at $186.92 -16%SALESFORCE.COM activated a double bottom pattern with a potential target price at $186.92 -16% from current price. This would fall inside the fibo zone of the last impulse so if the price makes a bullish structure it would be a good opportunity for a potential second impulse.
$CRM | [Update] Still A Great Buy$CRM still has a really nice buy setup. Price broke out of a falling channel. Confirmation above blue level.
Previous idea:
Good luck!
long 220-225, take 260, stop loss below 220we are in consolidation MACD shows green light, let's move on!
CRM has more uptrend CRM seems to already found the bottom. It is right at the trend line support for more upside. Looking for entry above 227 if it can hold above 227 in this week. SL under 223.
Trade idea: Jan 15 240C @2.6
