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CRM trade ideas

OUCH! Rising WedgesBollinger bands are tilting down )o: It is weird how the bands flow with price. There is a rising wedge below price. I never thought CRM would go back to that wedge but a line of red candles beg to differ. Price has not broken the bottom trendline of the bands set on an 80 moving average as of yet. There will be gasps for air..and who knows, selling may exhaust soon. Rising wedges are formed due to FOMO, fear of missing out, and people buy, buy, buy. This ultimately affects supply and demand and is bearish for the security. Rising wedges are caused by overeager buyers. It is a terminal pattern and is caused by irrational exuberance. Worrisome that CRM did not find support at the top or bottom of prior gap. CRM also broke down from a channel up. Rising wedges will bite you just about everytime. No recommendation.
NYSE:CRM
by lauralea
CRM - Good entry point for the long-termSalesforce is offering a good entry at these levels. Area below offers different psychological support thresholds. CRM topped latest earnings estimates but missed 2022 FY profit and free cash flow guidance. This moved the stock down, coupled with the market shake-off of the last days. CRM has shown 3Y EPS Growth rate of 34% and 3Y Sales Growth rate of 27%. The company has large room to improve earnings since it deploys a great part of revenues into R&D (which itself might in turn be the source of future additional revenue). The company is also growing through a set of acquisitions (Slack, Tableau - my favorite - & others). The P&L can still improve when synergies are fully exploited. Overall, despite the low momentum (which brought us here in first place), CRM seems to be a good bet for the future.
NYSE:CRM
by HR_D
Salesforce Strategies for Options$CRM. Earnings rose 24% from a year earlier while revenue climbed 20% to $5.82 billion. But its fiscal 2022 EPS target lagged, according to Investors.com Volume price profile looks good, with POC (point of control being at $226). Great buying opportunity if it bounces off of $216 Fibonacci. Strategy: selling put spread below 215/210; buying vertical spread 225/230. Depends on your outlook for the market in the next 3 months. Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
NYSE:CRM
by CJCHUN
1
Falling Wedge Channel UpCRM appears to have been in a fat rising wedge, gapped up when added to the Dow, then experienced some definite issues at the top. It was a very long impulse leg up. Currently, appears to be in a channel up after breaking upper trendline of a bullish falling wedge. The orange and green arrows are where price broke bollinger bands set with an 80 moving average which makes for an excellent chance of price going back inside the bands. I took the bands off because the chart was too busy looking. I have looked for a some type of major pattern here and can not find one. If you do please let me know (o: I do not do well projecting targets without a pattern )o: I thought I saw a rectangle but not enough touches. It is possible to project targets using a FW (falling wedge) just like a triangle, which puts this over the resistance level it is fighting at now at the top of the prior gap up. There can be hard R (Resistance) when price tries to break through a gap boundary. There was no trading inside the gap until the gap is filled, so support and resistance levels are formed during the fill. If the gap is a gap up, the bottom boundary can act as strong support and the top boundary can act as resistance. A gap down often will find R at both boundaries when it tries to fill the gap. When these levels are surpassed, they become a form of S (Support). The gap up because of aggressiveness by buyers, there are more buy orders at the open than there is available supply at the prior day’s closing price. Price gaps down because of the aggressiveness by the sellers, there are more sell orders at the open than willing demand at the prior day’s close. Therefore, large gaps are almost always at price levels where there is a supply and demand imbalance at the open. They can be caused by overnight sentiment or big news. Smart money may also be trying to skip an important support and resistance level, i.e. If they are bullish they can gap-up price above the supply zone Price has been fighting R for 4 days...if it makes it through, then that R will become S. CRM is very close to being overbought on RSI set on 80 and 30. Price is above the 50 SMA (simple moving average) however the 100 is over the 50. The 50 is curling up to possibly cross up and through the 100 as is the 20. The 200 is below the 50 and the 100 where it is supposed to be. The 5 has crossed up through the 20 at 220.80ish. All moving averages are sloping up which is a bullish sign. No recommendation..Time will tell (o:
NYSE:CRM
by lauralea
5
It's time to buy before price spiking? Hi Fellow Viewer. Just to sharing why i would continue to buy Saleforce at this movement. There is 3 Reason to buy 1. Strong future growth prospect According source from IDC, Saleforce is market leader in the customer relationship management (CRM) space, which CRM has nearly 20% market share and the second-place Oracle on 5%. This has helped Salesforce onboard over 150,000 customers, which in turn has powered strong revenue growth. 2. Continuous market opportunity & capacity Salesforce's Customer 360 platform AI-powered foundation that supports the company's various cloud-based software tools. These solutions help enterprises work together to provide a high-quality customer experience across marketing, sales, commerce, and customer service. This translates into higher satisfaction and greater customer loyalty, both of which could make the difference between a thriving enterprise and a forgotten business. In other words, Salesforce is a powerful partner. 3. Technical Analysis Price is in strong uptrend which above 200MA, MACD line is above signal line and strong support is between 259 - 270.
NYSE:CRMLong
by rm995
1
☁️ Salesforce short term - SHORT, long term LONGHi guys, NYSE:CRM on weekly formed perfect bullish flag. Now it is on top of the channel created bearish price pattern and very nice short opportunity with target at $200. From long term perspective price range from 190 - 200 seem perfect sweet spot to long entry on this weekly bullish flag. Happy trading! If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:CRMShort
by Tomasgei
4
price action into its earningBased on BoA's round of calls with key Salesforce SI partners to gauge activity during the quarter, "feedback suggests deal activity tracked slightly above expectations, with strength across the Salesforce platform. Core Marketing Cloud and Service Cloud maintained solid recent momentum. There is increased focus on the Marketing Cloud, given added automation enabled by the integration of Datorama. Service Cloud demand remained strong to manage the shift to digital support channels away from in person call centers, given pandemic disruption. Partners also cited Commerce Cloud strength for both B2B and B2C, given the shift to e-commerce across all industries. Mulesoft demand remained strong for integration of multiple Salesforce Clouds. We noted incremental strength in the Tableau business led by continued traction with large expansion deals and growing attach to Snowflake data warehouse deals. Tableau partners are expecting more integrated Tableau Customer 360 GTM in 2H21. In addition, partners are having early successes in selling industry specific clouds, especially within healthcare, financial services, and gov’t. Partners expect a larger focus on industry clouds in FY22, which typically carry higher seat prices."
NYSE:CRM
by KhanhC.Hoang