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Salesforce Inc (Extended Hours)

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CRM trade ideas

CRM - accumulateCRM is now 20% off it's August's high after it gapped down upon announcing it is buying Slack. As a buyer, it drags down the stock in the near term but for the longer term, I believe the synergy is good. Technically, the stock has found support @ 216 (Gap fill) and has quickly rebounded to close right at the 38% fib retracement level @ ~ 220. There is now a confluence of gap fill, 38% fib retracment support and bullish divergence between price and stochastic. Hence I believe the odds of CRM going any lower than 216 is slim. Looking to accumulate between 220-225 with initial stop just below the recent low at 216. Mid term target of 263-270. I do not expect the stock to roar back to life so quickly however. Will need some patience. :) Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NYSE:CRMLong
by Juliac
SALESFORCE - Oversold and a good entry pointSalesforce is looking oversold to me and is heading straight for a support level that previously was a significant resistance (look at that breakout once buyers broke through). RSI is showing this as oversold. I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future. Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses. I'm buying this for a mid to long term hold.
NYSE:CRMLong
by theponzimaster
2
CRM long ideaCRM has been selling off on the news of the acquisition of SLACK and as a result, the stock has managed to fill the pre-earnings gap. Currently, CRM is trading at the lower range of the 4 HR channel and is also forming a massive flag on a longer timeframe looking ready to reverse and return back to the upper channel. I'm looking for a break above 230 for long swings with stops below the 222 and targets 238, 247, 254. The above ideas are my own and should not be treated as investment advice of any kind. Please do your own DD before investing.
NYSE:CRMLong
by Unraveller
3
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.
NYSE:CRMLong
by ShukriMahadi