4CRM trade ideas
$crm - pitchfork confirmationslearning about pitchforks, thought i would share the knowledge in conjunction with fibs.
neutral until we breakout above (or below) pitchfork
CRM - Long - My PositionWatching CRM for a break on a very long falling channel. Believe we can see 270 soon.
Entered a starter position today with 4/16 270/310 spread, planning on going in deeper with confirmation
give it a watch.
#flextradinggroup
CRM fills the gapCRM putting in a monster weekly candle while filling the gap. Top watching for entry on weakness for an upper trendline touch at the very least moving forward!
CRM: Neutral (Deciding week)CRM seems to be in a channel, this week will decide is there will be an uptrend until earnings or will dip back before earnings.
Consolidation ready on CRM / waiting for the breakoutToday we will share a long setup we are waiting for.
On CRM we are observing a 150 days Flag pattern completed from a technical perspective
- The Flag pattern is supported on a broken ascending trendline
- The confirmation level to activate a setup is the green line. IF the price reaches that level we will open long positions towards the First and Second Target (Fibo Extension)
- The invalidation level for this idea is below the Corrective structure, also that's a key level to set stop-loss orders
- If everything goes as expected, we think the movement can take about 4 to 5 months.
If you have any doubt don't hesitate to write us a comment below!
$CRM - Initiating Moon target!IF CRM manages not to acquire anyone on the next earning this might have a chance to move little higher from here.
CRMThe last time CRM put a bid in for another company immediately sold off 10-15 percent over the following couple weeks. What happened after that. New ATHs. So wouldn't be surprised if same thing happens. Might take some bids if we can push down to the low 200s. If that's ur entry you have pretty clear invalidation with a weekly close below 200.
CRM Bullish RectangleBased on my fundamental analysis I have set a price target of $275 for CRM. Watch for CRM to make another attempt to break out of the rectangle in the near future. If price comes down from current level before breakout attempt and bounces off support it will be an excellent buy opportunity. If a breakout of the rectangle does occur I believe we will more than likely hit the $270+ price target.
$CRM | [Update 2] Target 1 and 2 Reached: Watch For Continuation$CRM reached both upside targets shared in my previous analysis (see below).
Price has continued to display exceptional strength despite the recent selloff across the major indices.
If upside momentum continues I expect price to test 235, 240.
See my previous analysis here:
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
$CRM Salesforce Bull Flag: Buy Within The Channel CRM is still trading within a massive channel and has consolidated within a triangle. Watch for a breakout
Long Salesforce if SMA200 holds itAlso last year the stock used to be always above 200 SMA.
Starting from 26th August it was way too far away from 200 SMA that's why it was consolidating in the last months. In the last days it is moving around it.
Option 1) Given the strong support indication based on volume and movement above 200 SMA the stock could bounce and may go up to test the small resistance again.
If the stock breaks through the resistance there is nothing in the way and the goal would be between 220€ and 230€.
Option2 ) If fails again on the resistance the stock may consolidate within a triangle or even fall through the strong support (Option 3).
The close movement to SMA200 is bothering me a little bit. It could trigger a lot of STOP orders if it falls through.
Considering the MACD it may go up with Option 1.
This is just a personal idea and no recommendation.
CRM (Salesforce) - Down before going up Marubozu act as support and resistance. Possible gain around 40%. Watch out stop loss
