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4CRM trade ideas

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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CRMLong
by TradingShot
3
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)
NYSE:CRMLong
by derMatzeImNetz
3
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//Laura
NYSE:CRM
by lauralea
2
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.
NYSE:CRMLong
by VantageMarkets
2
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.
NYSE:CRM
by lauralea
1
CRM - BEARISH SCENARIOAfter a half-decade of fast hiring and large acquisitions, Salesforce is trying to cut costs and better integrate the companies it has purchased. The 8 000 jobs cut announced on Wednesday is a step forward, but it won`t be enough to stop the downtrend. The expectations are for the downtrend to continue and to reach the $ 115 major support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial
The worst /best is yet to come.........Read the latest article here We can expect more layoffs in the coming month from other non-tech sectors like retail, healthcare, manufacturing, services, etc. This data will be shown in the upcoming job employment data. The FEDs as usual will not proactively resolve the problem but choose to procrastinate and being bureaucratic will spend time in meetings after meetings until the problem has snowballed to a certain size. Thus, I won't be surprised if it breaks the support level at 114.19. When the US economy craters as it will this year (recession, unemployment shooting up) then the FEDs will wake up to halt the rates increase and begin the next round of QE once more. Yes, they will realise their QT has not solved the problem of inflation but merely kicked the can down the road. So, this is a good time to do your research on the darling companies you always wanted to buy but is too expensive. There is no fear of missing out as it is too premature to call the US markets having bottomed out. What you can do for yourself ? Make sure you keep your primary job. This is not the time to play politics but rather be on the ball , haha. You never know when the axe is coming........ Update your resume and network and spread your name in your industry. A good word of mouth open doors ! Cut down on your spending. This can be hard for many people as it is a matter of habits. Do you really need that extra tie when you already have 10 in your wardrobe ? Or can you cut down on buying the premium beef in the supermarket ? Every cents count...... Exercise - Keep to a schedule of exercising at least 3-4 times a week. Be it running, walking, swimming, yoga, working out in gym, etc. It is better to have 30 minutes workout in one session than to have 2 hours stressful workout once a week. This will keep you physically and mentally strong - remember healthcare costs will only goes up over time, never come down. So is your age and thus you need to watch your health. Other sources of passive income - Investment by far is the most straight forward, imo but it requires capital. And time as well , the earlier the better. Upgrade your skills in areas of your interest and perhaps monetise it over time. Try out as many and failed just as many , all it takes is one good idea. Most importantly, stay positive ! Avoid negative people who drained your energy and brings you down with your idea. Have faith, give it some action and work from there .....
NYSE:CRM
by dchua1969
Recession on the Horizon - FOMC and LayoffsYesterday, the FOMC confirmed the backing of higher interest rates for longer. The market reacted negatively signaling negative sentiment on rate expectations for the following quarters. Federal Reserve official, Neel Kashkari, who often has the most dovish views on market anticipation stated that inflation may have peaked but sees interest rates rising higher for the next few meetings. He sees the FED raising rates by a whole percentage point from the current level of 4.25%-4.5% to 5.4% (MarketWatch, Jan. 5). The inflation fight is not over yet, and it remains sticky despite all the economic weakening observed. In a previous thesis where I challenged the US economy about a year ago, I warn of massive layoffs in 2023 despite most analysts and the Fed saying otherwise. Meta and Tesla have already laid off thousands of employees just months ago. Today, large layoffs in tech are happening with Salesforce: “layoff about 10% of its employees, the company also says it will close some offices as part of its recruiting plan, but it is still unclear if any of the bay area offices will be impacted, undertaking major cost cuts in a challenging economy.” (CNBC, Jan. 5). Amazon Chief Executive Andy informed his employees that the number of layoffs in the company has now been increased to more than 18000 roles (ArabianBusiness, Jan. 5). Other firms are cost cutting, most cutting employee benefits. It is just a matter of when or not we are going to see higher unemployment rates in 2023. The most obvious fundamental reason for these layoffs and cost cuts is the fact that all these companies responded to the “bubble” fueled by stimulus and extensive quantitative easing. As a response, the Fed is raising interest higher, and tightening the monetary policy and we see the equity evaluation of these companies dropping significantly. Eventually, that demand is gone, and these companies are left with thousands of employees hired in response to a "fake" demand, over-hired. As equity evaluation is going down, they have to improve the margins by laying off employees and reducing expenses since revenue is going down. I see another reason for large layoffs, perhaps, a more IMPORTANT and IMMEDIATE aspect. Salesforce admitted business activities going down, demand slowing, and growth staggering, however, their stock went higher because they laid off employees, reducing their expenses. On paper, it shows higher margins, and thus, the stock reacted positively. What can become a norm during this economic environment is that we see more companies, especially in the tech industry which saw major lows, employing this technic by raising their stock prices with restructuring and engaging in mass layoffs. My plan of limiting my exposure to risks has not changed. I am holding a majority in cash and short-term government bonds. Looking to increase exposure to my trading in gold when the US 10-Year Real Rates falls from the inverse correlation between the two. Reminder: Higher real yields = expensive to hold gold when compared to other yielding investments such as fixed income, thus the inverse correlation on the charts. This is for personal recording but feel free to comment and argue.
NYSE:CRMShort
by ssavi