BUY SALESFORCE the market reopenningHey traders, SALESFORCE is in a very interesting moment, it is on a good bullish momentum and it is possible that it is climbing strong and high ...
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FOO trade ideas
CRMBased on my analysis,
1. Double bottom pattern for CRM is valid and completed with high volume than average.
2. Right now, price will pull back because at strong resistance and formed tweezer bottom.
3. I advise to entry at range 165-166 USD (because of between neckline price & 0.618 fibo retrace) and take 1st profit at 183 USD and 193 for 2nd take profit.
Syeikh Hafiz
Stock Market Analyst
Salesforce.com: Another Software Name, Another Bullish TriangleSoftware has been one of the strongest industry groups lately as investors view it as largely immune to Covid-19. On Tuesday we highlighted Microsoft’s bullish triangle , and today another major player has a similar pattern.
Salesforce.com is pushing against the $165 area that held it in check last year (flagged in this idea ). CRM has also made a series of higher lows since getting slammed lower back on April 21. The 50-day simple moving average (SMA) was providing resistance at that time, but now the stock is fighting past that line in the sand.
CRM has also managed to get back above its 200-day SMA in the process.
Traders may want to use the April high of $165.30 as an entry trigger.
SalesForce - Rising Wedge, topping patternSalesForce, finishing a rising wedge on decreasing volume.
Will possibly fall out of the wedge and will finish forming the right shoulder when re-testing the breakdown.
Dump it.
CRM has a big potential to go upSALESFORCE.COM INC is going to have a bullish trend in the next weeks.
Daily trend nearing 61.8% retracement levelAs with numerous tech stocks, $crm is presently in bounce mode...at least until the 61.8% fib retracement zone is reached.
NYSE: CRM shows Daily Breakout backed by Weekly MomentumNYSE: CRM has broken out in Daily Time Frame backed by strong bullish Weekly momentum.
Entry can be at last daily close or a tick above.
CRM Round DownCRM is about to finish its last leg of its rounding formation. Resistance is at the 125 level on the short side, which is my target. This can complete by tomorrow.
CRM Round UpCRM is rounding up towards the top of its cup at the 160 level, which also happens to be where the 30ema moving average lies on the daily chart acting as resistance. I believe it can get there within the next day, before it reverses.
