Descending broadening wedgeLooks like we have a nice descending broadening wedge formation. We are more then likely heading down within the pattern, around 165. Note this is a bullish pattern but we shouldn't break new highs until we hit these lows. Not financial advice. Always do your DD. Shortby JayMuni210
CRM trying to move moreReally great set up. If you were averaging into this one from for a bit, you're very happy right now. It looks like a calm target is $190. Have to see how it interacts with the resistance it hit. If we can turn that into support that would be great. This company could easily be in the $190-210 range in my opinion. Need the rest of the market to play along and this can moon. CPI was decent and SVB situation seems fine. Melt up mode on market can send this one.Longby nah01
need more$CRM is a name that had great earnings and is reverting back down to the pre-earnings level. This is interesting because as traders we know we want that gap filed but we don't know how long that may take I put the flag up there but it's kinda dumb. what really happened was that break down of that line I colored gold. Maybe we see the gap fill and then. $190-200? I don't think that is a dumb thing to look for. Gotta see how SIVB and CPI play out.by nah00
$CRM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $CRM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.Longby EPSMomentum0
CRM - good long opportunity I count CRM as wave (4) of circle wave 3 complete. Expect to see at least 400 level (5=1), ideal target is 600 zone.Longby Vyaz3
Salesforce (CRM)Salesforce is still on bullish uptrend, TP target remains to be 191.00 level. Longby arnvon1213Updated 220
$CRM - OverboughtCRM is extremely overbought along with the rest of the market. CEO is wasting money on private concerts, though they do have the money to do that so kudos to them. But mostly it's overbought and a pullback has to happen, might as well as ride it.Shortby leenixusuUpdated 111
CRM's Inverse Head and Shoulders aiming at $240 by Q4Salesforce Inc (CRM) broke above its Inverse Head and Shoulders (IH&S) pattern and by early next week should form a Golden Cross on the 1D time-frame. With the MACD just forming a Bullish Cross, we have all the confirmation we need to go heavily bullish on CRM and with the Support of the 1D MA100 (green trend-line) on the long-term, target the 0.618 Fibonacci retracement level at $240 by Q4. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot3316
Cup and HandleEarnings were obviously well received. Price has not reached long entry level (EL) but it is knocking on the door. Price much surpass the left side, or the sell side of the cup. I have noted as of late after a big price move in one day, it is best for me to sell and take the profit. Nothing is ever predictable but until this reaches EL, this is a neutral pattern. No recommendation/Price is just above the .618 of the trend up. Short is just over 1%. by lauralea111
CRM pre earnings Broke outside a gigantic fallen wedge in white . Now forming a bullflag outside after consolidating... if it breaks out my target would be 190.. I'm leaning long here but as you know, earnings could go either way so if you play, consider it a gamble. Longby ContraryTrader4415
Where will CRM go today?As you might now, later that day CRM will publish their earnings. What is priced in in the options and what does that tell us? IV, IM - We have a very high Implied Volatility. The calculated Implied Move is 14.90 USD according to my data. Therefore the lower Zone is at ~148 and the upper zone is at ~178. This is a 9% move! - Remember the Implied Volatility is equal to one standard deviation. Therefor the chance is 68% that the price stays within the zone from 148 - 178 after earnings. PUTS - The number of Put-Options out-of-the-money compared to the Put-Option in-the-money is 91.59%. Remember, when Put-Options will be in-the-money at expiration they are assigned. Hence Option Traders speculate on a change of price and not want to buy or sell the underlying, you can safely assume, that the vast majority (91%) of all Option Traders believe, that the price will not drop any further. - The most traded Put Option price is at 150 USD. 46% of all traders believe, the price will not drop below 150 USD. - If the price would drop below 150, many shares will be assigned and bought at that price. Therefor, 150 USD will act as natural resistance. CALLS - Calls out and in-the-money are very even. There is no signal to recognize. - The most traded Call is at 157.50. Hence Calls become worthless when they are out-of-the-money at expiration, its safe to assume that 42% of all Option-Trader that buy Callls, believe the price will be above 157.50 USD. Summarize: - Resistance at 150 due to Put Options - Strong bullish signal Put Options (91% overall, above price 163.61 USD) - Bullish signal Call Options (42% believe above 157.50 USD) (all data is analyzed with the expiration day 3.3.23)Longby derMatzeImNetz331
CRM Setting Up for Earnings Next WeekCRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying. Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation. NVDA had a similar pattern and gapped up on its earnings release news.Longby MarthaStokesCMT-TechniTrader222
CRMBIG pattern usually break out and make correction and that correction made bull flag so after this flag break we can enter and stop loss belov bull flagLongby Betograpy111
Crm Island reversal Short entry - Below 165 Stop loss 167 Target - Retest falling wedge breakout 154-156 Shortby ContraryTrader115
Candles/Good News CRM traded to 184.42 today after an Earnings Beat. At 176.33 as I write this. Price broke through the resistance line of the channel down. Daily chart. Right this second there is a candle with a long top wick and no bottom shadow. This can change by market close. Candles have a habit of forming a bottom shadow, be it today or tomorrow or next week. Bullish so far as it has not traded below the open which gapped price to the upside. Almost half of securities with good earnings or good news peak in 2 weeks or less in a bull market. I do not think we are in a bull market anymore but a great move for CRM. Be safe//Lauraby lauraleaUpdated 227
Salesforce continues to ride on bullish momentum.Salesforce - 30d expiry - We look to Buy a break of 167.51 (stop at 158.51) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 167.24 should result in a further move higher. The previous swing high is located at 166.03. A clear break of 167.24 and we would look for further gains to 190.00. Our profit targets will be 189.89 and 194.89 Resistance: 167.24 / 172.50 / 177.00 Support: 163.00 / 160.00 / 155.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.Longby VantageMarkets220
Salesforce CRM should recover to its 200SMA$CRM published not bad numbers in the last ES but the outlook looks not so optimistic. The stock sold off and now it`s recovering from the bottom on the general sentiment and news that the company announced a cost optimisation program. Look to buy with 200SMA as initial target and stop loss around 8-9% lower. There will be a time stop loss - if it doesn`t move the trade gets killed.Longby alpha62539Updated 332
Market Darling is Making Some HeadwayWill momentum push through the R/Resistance overhead. price has broken up through the Falling wedge. Both trendlines slop down in a Falling Wedge and narrow at the apex. The bottom trendline of the triangle overhead may pose R as well as the top trendline of that triangle. Looks like a W is trying to form but has some room to run. Small sup could be forming as well. Possibly to the .886 or even the 1.113 is R levels let price through. Price has met T1 to the upside. No recommendation.by lauraleaUpdated 117
$CRM: Bullish signal$CRM is another stock that flashed a buy signal after an extended decline, interesting one here. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrieUpdated 221
$CRM Trade Idea Downtrend breakout on day w candle confirmation$CRM Trade Idea Downtrend breakout on daily with candle confirmation Calls over $151.55 Targets: $160.25, $162, $165.25 Puts under $144.30 Targets: $143.16, $140.50Longby Solidified222
Salesfoce was meant to rebound even before Elliot took a stake1. Salesforce is set to soar after Elliot Management took a stake. 2. Even before that, the stock was already forming a falling wedge pattern on the daily chart. 3. Salesforce RSI was also forming a bullish divergence pattern. Longby crispus92
CRM D1 – BO, but Vol isn’t too convincing, wait for PBBOs are safe only when the market / sector looks healthy, otherwise it’s much safer to wait for PBs. Second mouse gets the cheese. by Uncertain_Outcome1