$CRM - on sale $CRM took a hit at earnings and due to acquisition of SLACK. It's a solid stock to put into your long term port and it's at a steep discount right now
CRM trade ideas
CRM approaching BUY level.The move to remote work has found many companies adopting new technologies in order to keep business running. But even as life goes back to a new normal, some systems will likely remain in place due to the added efficiency they can bring to operations. Salesforce is counting on that approach, with its recent announcement that it will acquire the messaging service Slack this week.
Salesforce’s customer relationship management (CRM) platform is used across multiple industries, including retail. The cloud technology supports the selling, strategizing and marketing of commerce in a single centralized platform, which enables users to see all their customers, data and tools in one place. This unified approach can help streamline operations – a critical benefit in a competitive landscape like retail in 2020.
CRM Heavily Oversold Bouncing off Reliable SupportsA quick look at what I'm projecting viewing the hourlies. Seems like Saleforce is bouncing off so strong support.
CRM - SupportCRM down afetr earning stright into support level
both horisntal and lower end of the channel
CRM going down to support lineCRM possible downside is 10%, relying on CRM/NDX dynamics.
It this point we aim both
-most recent horizontal support line
-lower bound of ascending channel
$CRM – SALESFORCE.COM INC // LONG$CRM bounced nicely around .382FIB level. Currently oversold. Apparently, WS hates the Slack Technology deal ($WORK). CRM after the news, lost around 40B in value which is more than the value of WORK. IMO it is an overreaction and CRM will benefit from the consolidation of both businesses.
Stop-loss and targets are given in the chart
$CRM - Watching the 100 day EMA$CRM
Testing this theory.
$CRM seems to typically be supported by the 50 day EMA. If it fails and also fails the 100 day then the next bullish test is a return to the 100 day.
Historically there has been a return to the 100 day and then a move up or down. (I’m showing support at the trend line but it could find support at the 200 day).
On it’s return to the 100 day if it break through it is bullish, but if it resists it is bearish. If at any point it loses the 200 day support I am bearish
Seems like earnings on Tuesday should propel CRM higher but these last few weeks have seen some good earnings reports be reward with negative stock prices - see $WDAY, $LOW, $HD, $SHOP, etc.
“I’m not an expert but I have watched a lot of youtube videos.”
NYSE:CRM
For my own learning - The blue line is what I see as trend240 by September 2021 is where this 'should' be. This is just 20$ more than today (02 December 2020).
This is irrespective of market corrections.
No positions as of today nor any recommendation
Buy - $CRM - SalesForceShort term buy signal generated.
Buy @ Market
S/L 180
TP To be updated
Price is in a bullish flag pattern although it could potentially fill the gap down to $215.
CRM LongDown trend channel bottom line
Demand zone below consolidation
PlanA: Demand Zone
Entry 271
stop 209
Target 285
PlanB: Demand Zone #2
Entry 196
stop 188
Target 245
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Salesforce.comFundamental:
Salesforce acquires Slack for $27.7B, making the biggest acquisition in its 21-year history.
Technicals:
Price action broke through a HTFZ at the high end of the curve. I'm anticipating a drop in price between the $147 - $165 levels. We shall see...
$CRM GO TO THE DOWNA lot of analysts are starting to give the company downside signals - be careful in all cases - this is just a nudge
022. PIGGISH PLAY - LONG Digital Turbine + CRM Earnings StrangleEver wonder what it would be like to have your cake, and eat it too?
Go ask Paylocity - it's the biggest mooch on the street.
Why am I starting with the optional/bonus part of this position?
It is because:
1) APPS technicals are so profoundly bullish that I may just avoid mentioning them entirely in this description, and
2) It's pretty damn funny to observe how parasitic Paylocity's stock price is when it poaches CRM's much-needed volume - only to cut all ties a few hours later, leaving the premises without waking CRM up in the morning.
Anywho, I think we might just have a very affordable, synergistic means of playing CRM's earnings report on Tuesday using Paylocity calls, APPS calls, and CRM puts. If CRM smokes its estimates, Paylocity will most definitely skyrocket given its latest performance and APPS will rip higher if it can hold that unbelievably steep lower trendline.
Seriously - this sort of consolidation is extremely rare for such a young company. It reminds me of how Tesla and Shopify used to be - before fundamentals were discarded for Stocktwit sentiment indicators - except that APPS's early stages seem even bullish-er.
Don't believe me?
Take a look at how both of these monsters grew up around 40 bucks/share and compare them against the top chart. APPS has them beat in every category; particularly its incredible rate of consolidation and ability to recover 4-5 points higher on any given day. While Tesla can do this on a much bigger scale now, it took them forever to get to this point. This stock can do the same damn thing and it's only at 40.
Onto the Pig Play Details:
This is an Options-Only play that allows more risk to be taken because of the offsetting positions. If you want to buy and hold equity, go right ahead but I don't have an offsetting solution for you that would be worth the risk in this spot.
If Monday is choppy and slightly red, wait until the end of the day to enter all three positions simultaneously. There is zero reason to take on the additional risk for some sort of premium scalp if ZM catches a bid before it reports - or something like that.
On the other hand, if it is an insanely bullish day from the start because USD Monopoly Money is recognized as somewhat fraudulent by all of the countries that have been blindly buying our notes, then I'd recommend focusing on entering the APPS calls first and foremost, right on the button.
Now time for the Pig-Specs:
ALTERNATIVE 1: LONG BULL WITH SIMPLE OFFSET (APPS CALLS, IWM PUTS):
APPS (CALLS) - BUY - (45 Dollar Strike, 12/18/2020 Expiration)
IWM (PUTS) - Use about 1/3rd of the capital used to purchase the APPS calls and buy the second strike behind the then-current price and a 12/04 expiration. If you don't like wasting money, I suggest you
ALTERNATIVE 2: LONG COMPLEX SOFTWARE ER STRANGLE WITH (APPS CALLS, CRM PUTS, and PCTY CALLS):
1) APPS (CALLS ) - (same as above), you get to choose how many you want to buy since you are autonomous (unlike Paylocity). Just know that the net cost of the other two positions should roughly equal 75% of the amount allocated to this main long call position.
2) CRM (PUTS) - BUY - (1-2 PUTS, NEAR THE MONEY, EXP 12/04/2020 Expiration)
While these are both stupidly expensive and unlikely to hit, it is a NECESSARY part of this play. You are getting a severe discount on the relatively large number of calls that you wouldn't otherwise receive under 99% of circumstances. The overwhelming odds are that CRM beats and that the market will not tank until the NAS touches new highs. However, pay the premium so that you're hedged all day and avoid getting cute by waiting two hours for a discount.
Naht in this market and don't come crying to anyone if ya go forward unhedged.
3) PCTY (CALLS) - BUY - (220 Strike, 12/18/2020 Expiration)
Allocate 1/3rd of the amount of capital that you just spent on your offsetting CRM puts and purchase these unbelievably beautiful-looking calls that have a ton of implied volatility that will kick up the second CRM reports, a very nice amount of theta to work with, and a strike that can be very easily surpassed this week. Both these calls and the APPS calls are amongst the best deals I've seen all year.
Good Luck Ya Software Nerds.
- Software Appigation Strangler
NASDAQ:APPS
NYSE:CRM
NASDAQ:PCTY
AMEX:IWM
CRM Buy Set UpIts dropping fast now. but I am seeing a reversal very soon base on my analysis. A good time to go LONG.
Salesforce Pre-Earnings BuyHello Traders!
Salesforce earnings are on its way Dec. 1st.
I feel as though CRM still has room to run towards my two entry points.
Entry #1: I don't want to miss the bullish run so I have a riskier entry here.
Entry #2: This entry will be if I decide to take a less riskier approach if I don't feel like the odds are in my favor at the open.
CRM is approaching the oversold on the RSI so I am waiting to see bearish weakness. Patience its not there yet.
My first price tsrget will be a test of the 50EMA. Then the resistance level at $270. I will be selling my contracts should I decide to enter before earnings are announced.
DISCLAIMER: I am not a financial advisor and all charts posted are for educational purposes only.
