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1CRM trade ideas

Will be paying close attention to earnings. (SETUP)Salesforce reported solid revenue growth, including accelerated growth in the company’s largest and most mature product, Sales Cloud. However, shares underperformed due to unexpected weakness in the company’s MuleSoft application integration business that we believe is attributable to temporary missteps in the company’s selling efforts. The company also provided slightly weak guidance for billed but not earned business growth. In our experience, this metric can be influenced by timing issues and is often not fully representative of underlying demand for the company’s offerings.
NYSE:CRMLong
by clarkehimself
Multiple BottomsIf I were in this security today, I would place a stop under 201.50 which is the lowest of 4 bottoms, and cross my fingers, tightly, that this congestion zone of support is not broken. That stop is bit further from price than I usually feel comfortable entering a security, especially when Mr. Market has been so volatile as of late, so I will wait just a bit longer. If I miss out, I guess there is always another stock to buy. (o: I do not like buying on UP days anyway. Earnings 3-1 AMC. Green lines are major levels of support that I see. You may see different ones than I do. CRM fell from what appears to be an Ugly top a while back. CRM did not form an ARC on the way up as the chart is not overly steep on weekly or monthly. CRM has now corrected all of the bearish rising wedges that were under price by breaking the bottom trendlines of each one and appears to be trying to recover lost ground. Time will tell. I do think for the long term, this is a "Long" even though it may pull back again and again, so I clicked Long on the multiple choices of Long, Neutral, and Short. Yesterday's candle could be an inverted hammer. The 50 is trying to cross down through the 200 which some call a death cross. Price is below all the major longer term moving averages with several negative crossovers. Moving averages are lagging indicators but I do look at them and these look awful on this chart. Price is under these averages until it no longer is (o: Some use the ATR (average true range) is based on volatility and some would multiply it by 2 and deduct it from price which is almost the same as a stop under the lowest bottom. Price fell below the bottom bollinger band in the last few days with the SMA on 80, but has snapped back inside. This is oversold on weekly and daily RSI. CRM is not oversold on monthly RSI. Chaikin's Money flow is trying to tilt up but is still negative. The market is volatile and this could just be a rally up, but I have been tracking this one and noted the bottoms. There is a lot of resistance overhead and folks are stuck up there in financial pain who will sell on any rally up. Short interest is very low. Looking at short interest is one of my rules before I buy anything. It gives me an idea of market sentiment, and frankly, shorties are not always right but most of the time they are. EPS 4.69 PE 45.37 (on the low side for tech) Mkt cap 208 billion. Revenue is growing quarter over quarter. No recommendation. If I am wrong on the Long (o; then I am just wrong and all I can do is make an educated guess as to what this may do. I do believe in the long term this would be a good investment if one were to get in at the right level.
NYSE:CRMLong
by lauralea
3
Rising WedgePrice has broken bottom trendline of upper rising wedge. Price has not broken the2nd lower rising wedge except for one candle close. (orange question mark) A rising wedge is not valid until lower trendline is broken and is a bearish chart formation. Both trendlines slope up in a RW and narrow at the apex. The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. The wedge pattern can be used as either a continuation or reversal pattern, depending on where it is found on a price chart. There are two types of wedge pattern: the rising (or ascending) wedge and the falling (or descending wedge). A rising wedge in an uptrend is considered a reversal pattern that occurs when the price is making higher highs and higher lows. As the chart below shows, this is identified by a contracting range in prices. The price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the downside. This means that you can look for potential selling opportunities. No recommendation/The alligator is trying to tilt upward but in an ideal alligator the red line should be on top in this chart.
NYSE:CRM
by lauralea
Potential Falling Wedge on CRMBulls tried to reclaim the 200 EMA, but were strongly rejected. Salesforce is down 11% in two days. We're entering my "Buy Zone" (where it's on my radar, but I need a confirmation, like divergence, before I'm ready to take a position). I'm expecting a Falling Wedge to form, and will likely wait for it to play out further. It's too risky for me at these levels, but more aggressive traders may have an opportunity to scalp some short-term profit before we head down further. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:CRM
by mercury_rising
Trading at lower price level, potential for upside.Based on YoY and QoQ growth, CRM ended Q3 with strong revenue and net income. Net income were 360, 1,110, and 126 million respectively from 2018 to 2020. In 2021, net income was 4,072 million. It grew approximately 1131% since 2018 and 366% since 2019 (which was highest in 3-year period). Arising from that, it appears CRM management have been successful in mitigating impacts of COVID-19. CRM has acquired an additional Co-CEO, who possess an extensive knowledge in the business world and entrepreneurship; employed at Google and contributed to the success of Google map, started own company that was acquired by FB, and then founded another company which was evidently acquired by Salesforce. Strong management team is necessary in the current market condition, unmistakably shown in the past year due to COVID-19 revealing that some businesses fail to adjust. The guidance for SalesForce Q4 is the additional revenues and net income added to finish the year strong. This was presented by the management team that each product SalesForce has are showing durable growth. SalesForce currently sits on 5,511 FCF.
NYSE:CRMLong
by PlayerInvictus
3
$CRM: Short term bottomCalling a short-term bottom on CRM here. This is not a bloated tech stock, it's valued over time. They are currently at a P/S ratio of 8 and I think the stock might have put a temporary bottom. All in all, the stock would still go through the market correction cycle in the long term. In the short term, I expect it to close at least GAP 1. Also, notice the stock has extended below the lower Bollinger bands and oversold on all time frames. Entry: $227 - $230 (I got 03/18 230 calls) Targets: 247,260,291 Stop Loss: 220 (The stock still has a gap at 221)
NYSE:CRMLong
by ara0303