CRM trade ideas
salesforce heading direction Salesforce heading in the right direction as show in the chart from the 9/24/20 - 10/2/20. Stock price was trending upward but i took a dip downwards due to the news of president Trump getting infected the covid-19. Salesforce (CRM) stock price will rise Monday and should reach $260.00 by the end of the week
Bull FlagCRM borke out of a V bottom a while back
Also broke up and out of a bearish rising wedge to the upside at 208ish which is unusual
Usually a stock break down from this pattern but some do break up. The break to the upside is not usually held for long though
CRM is still up there though and appears to be filling a gap up that occurred when it entered the DOW
NV is high
Short interest low but an increase today
Be careful and go with your gut on this one.
Not a recommendation
CRM Possible breakoutCRM Making A lot of noise. Technical levels: Over 254 can Target 265 and 284. A good tell for this one will be QQQ (which I published a chart for) getting over its resistance from the past few days
Bear down for Political RiskGreat company that flew too high to fast. An ideal Icarus that is a worthwhile short.
Personal Opinion + TA = not investment advice, best of luck!
$CRM back on the watch listI put a trade on this last week and was stopped out rather quickly. (I'm not giving my entries much room on the downside right now.) $CRM looks to have broken out again from this descending wedge. However, I want this to clear the $250 level before I consider an entry. Market will also need to be good. Ideas, Not Investing / Trading advice.
CRM BUY OR LONG , TARGET UP TO $285CRM confirmed " Falling Wedge " at here .
CRM buy : $246
CRM target : $285
Stop loss : 5%
Wish you a good deal
CRM Gap FIllCRM has been testing support to fill the gap in its chart, it just broke below $237 yesterday which was acting as support before the gap. I suspect this to fill down to the $218 level.
$CRM on Watch ListI like how $CRM is forming this bullish pennant formation and is holding up well under the market's selling pressure. I also like how it looks to want to hold the 21 day MA. I'll be watching this for a potential entry on 1. a break above the down trend line, 2. a good market and 3. increased buying volume. If I make this trade it will be a smaller than normal position and will have a tight stop. This market is shaky right now so extra caution is warranted. Ideas, not trading / investing advice.
CRM LongAll I hear on the media is tech rotation. Tech too heavy. People forget Tech has few things going that no other sectors have. One tech is the new commerce. Due to Corona virus it is the commerce. Growth is heavily expected. Not US but rest of the world is worried and wants to park their money somewhere there is return for their money. There is no alternative to Tech stocks. This is the new normal. Who will bring growth giants sitting on pile of money like Apple, Google, Fb, Microsoft, NVDA, CRM list goes on and on.
Media is selling fear into lots of new Robinhood traders so they can scoop some of this names they missed on. Look at the forward P/E for most of these names. After their 15 to 20% decline they don't seem this bad. Here is one example CRM. If this week closes even slightly positive this is great long set up. If not price i think will consolidate near this area for few day and then bounce.
Hope this helps. In business weak gets weaker and money man wins money.
This is not a recommendation to buy or sell. This is for educational purposes. Please do your own homework before putting your hard earned money on line strictly based on a post on any websites.
CRM Analysis Bullish Over: 254.38
Bearish Under 240.14
Gap Fill: 218.35
Descending Triangle with extremely low volume and wide price swings. I'm expecting a big move soon. If the double bottom holds and we break to upside 270 can easily be hit in the next 2-3 weeks. Same for a break to the downside with 218.35 target in 2-3 weeks.
V Bottom Rising WedgeMomentum is riding with this one as well as a rising wedge. CRM has has dipped briefly out of rising wedge when under 195ish.
Perhaps it will not break through any further.
Rising wedges are bearish. Too many buyers without healthy pull backs, leaves no buyers when selling starts. But who knows when that will be? Could hit some targets before or if it ever happens. WDAY has fallen from it's rising wedge already and seems to have recovered. Seems safer to me. We are all different though
Not a recommendation
