4CRM trade ideas
$CRM - Short term targeting 230+ in the coming week!$CRM - Short term targeting 230+ in the coming week! Stops below 215.6
CRM - A Story of GapsCRM filled its gap lower and has been stuck there in under-performance mode. But I think it is now time to fill the gap above, around 135.
For the trade I bought a Jan22nd 230c Sold the Jan15th 235 and 240 calls and bought the Jan15 250c. Paid 1.26.
CRM - finally ready to move.CRM is the new MSFT (and MSFT is still the same trustworthy MSFT). Salesforce looks to have filled its earlier earnings gap up. I don't expect a wild gap up recovery from this at all, but instead a steady and healthy climb back to 250 by Mid Feb. If that seems too aggressive, $250C May 21 2021 is also pretty cheap.
What makes me nervous is that CRM should have broken out of the descending wedge by now if it was going to go up. When I see patterns like this where the stock hasn't broken out, I get really nervous about a 3-5% drop.
CRM Long Bullish Divergence & 200 EMA SupportI think the title explains it well enough. Seems like reasonable support with some bullish divergence on the RSI.
Happy trading!
CRM soon pull back..on the short-term share can be traded close to 200 dollars, but it's worth to watch it can get a bounce from the 200 moving average, because the sharks owns shares in addition 200 is a psychological level, the volume must reach the old levels otherwise there is a risk that it may consolidate for a while at the same level but in the long run looks positive NYSE:CRM SE:CRM"]NYSE:CRM
BUY Signal Flashing!Today's selloff saw the validation of the $215 support line, forming a nice cup and handle formation.
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the current market trends.
With an almost blue wave, short-term volatility is expected. But if you're investing long-term, buy the dip here!
For an options trade:
BTO Feb 19 2021 $230 Call ($4.8 - Low risk/High reward)
CRM 2021 TargetCRM will continue to fall as far down as $200. Looking for a trend reversal and breakout once price reaches this level.
Safest entry would be a weekly close above $244, which would show price has returned to a bullish uptrend.
$CRM doing not much, I think it is waiting for next earningComing earning will show good or bad side of Slack deal.
CRM Double BottomLooking for a continuation of this double bottom that formed today on CRM, potential gap fill play upside to 246.
Salesforce - more weakness ahead?NYSE:CRM is another vulnerable short opportunity with promising entry right now. Expensive stock with market cap above $200 bln, P/E > 100 and P/S >10, which topped exactly after being added to Dow Jones in late August and trending down since then on poor relative strength.
CRM Price Action Expected-Support at:218$(or ~201$ on the 200 SME) Resistance at:232$(or 262$)
- RSI: 30-40(oversold), OVB: Decreasing volume
-Quarterly Result Trend:Fluctuating
-Target price: 275$ (24% win or 20% win till 262$ resistance )
-BB: Tightening which suggest change in price
I got three buy zone! going to add few share on each buy zoneI got three buy zone! going to add few share on each buy zone
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move).
PS: NOT A FINANCIAL ADVISOR, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
CRM Gap Filling$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with $233 as profit target (next resistance level before the big move).
PS: NOT A FINANCIAL, MAKE SURE YOU MAKE YOUR OWN RESEARCH BEFORE TAKING ANY FINANCIAL INVESTMENT DECISIONS. THIS IS MY OWN IDEA AND PERSONAL ANALYSIS.
