CRM trade ideas
Salesforce $CRM "cup w handle"$CRM has just cleared $184.80 handle buy point yesterday. RSI broke the trendline too and the volume was more than average.
12 months Consensus Price Target: $198.50
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Long cloud Play CRMAs long as this does not break the channel and spy stays above 300 i am going long with 180 calls Or spreads...we are heading to test the 618 in the next 30 days. Waiting to Load up on June 26 180/185 bull spreads. Opposite this if channel breaks. Cloud plays getting attention on Cramer and CNBC.
CRM Bullish (ER Run Up)Symmetrical Triangle + Bullish Channel (Time Frame Confluence) + Momentum
I'm expecting CRM to continue in the bullish channel up to a price target of 189.98 (Supply Zone) before seeing a big pullback. No loss of bullish momentum yet but will wait for a break above 180 before entering Long.