CRM - About to POPSalesforce has been consolidating since August. It took an unnecessary hit due to its Slack acquisition which yes was expensive, but I think Benioff has a plan to ultimately compete strongly against Microsoft.
Divergence on the MACD and RSI as well as a nice squeeze indicated, I think this thing is going to pop much higher in the next couple of months for a very nice swing trade. I picked up May calls as well as added more shares to my portfolio. I think this one is a no brainer for the long term.
I am not a financial advisor and this is not financial advice. Good Luck!
CRM trade ideas
CRM Technical Analysis 🧙Salesforce.com provides enterprise cloud computing solutions, including Sales Cloud, the company’s main customer relationship management software-as-a-service product. Salesforce.com also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
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BUY $CRM - NRPicks Ene 17Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as a field service solution.
Fundamental:
- 26% below its fair value
- P/E 54.6x vs 58.7 Industry
- P/B 4.9x vs 9.6x Industry
Technical:
- RSI below 30
- Support at $210.60
- 3% below MA 200
crm is a major buy. undervalued. it has been in a downtrend consolidation since after earnings. the rsi is near oversold, the bands are tightnening and the Macd has bullishly diverged. the descending wedge just adds to this. will continue adding to my 250 calls jan 2022. perhaps ill add a leg of 250C June 2021.
CRM LongEMA50/EMA200 as support zone
Demand Zone (Rally based Rally)
Measuring Gap Filled (consolidation)
Trendline break and revisit
Possible double bottom
Entry 220
stop 200
Target 260
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
CRM - Finally Time - Triple Support Bounce to start Wave VThis is a triple support level Wave IV bounce from a falling wedge with bullish divergence. Play is invalidated if the trend line is broken.
Upside PT is 300+. 3/19/21 300c is less than $90 to play.
It's time for this ticker to recover and pay up.