1CRM trade ideas
Sell SALES?We seem to have a lovely kijun bounce on the weekly and all roads lead to 200. The monthly however closed on a bullish note so i would reduce my size on this one.
Entry: 229.48
TP: 201.00
SL: 241.00
R: 2.47
Position size should be reduced!
Crm , 1 final hurdle Not going to do a big chart of CRM since there are dozens of them in ideas. Found some resistance that's been stagnating the break last 2weeks. Starting to form a Inverted H&S in the RSI. Needs some volume here to push through. Today's resistance is 239, a move to 240 would be considered a breakout.
CRM long target my gold boxGreat volume backing price action.
Obvious profit taking point.
Will be looking at the gold box for target.
Buy $CRM - NRPicks 07 MarSalesforce.com, inc. develops enterprise cloud computing solutions with a focus on managing customer relationships around the world.
Last week announced quarterly results that exceeded expectations, producing revenue growth to keep the company at the pace of CEO Marc Benioff's goal of $35B by 2024.
Salesforce generates healthy free cash flow, more than 19% free cash flow margin last year, even when Benioff and the company increased spending during the pandemic.
Technical:
Low levels of RSI- Oversold
Price below MA20,MA50,MA100 andMA200
CRM chart looks really nice hereAdded the $CCI chart as a comparison, the setups are pretty much identical. WIll be watching for break of weekly bull flag
CRM (Salesforce) - Bullish push to quarter endSalesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
Strong sales and EPS Growth Quarter-on-Quarter
Positive trends emerging on Heiken Ashi and MACD's
Should see a push to previous recent highs at and above $250 mark
Remember to 'LIKE' and comment.
Do your own research, and good luck!
CRM Setting up to break this downtrend. After gapping up CRM has moved in this downward channel. If we can clear this 235 level CRM could make a run back to ATH level.
Channel down Cup and HandleCup is forming, but has done so before and failed during this channel down. I am watching this one closely and will update when channel line is broken. If you are watching this and I forget, please remind me. (o:
I have a whopping one share to eyeball this. If I felt totally confident, I would have more. CRM has failed at the channel upper trendline a few times. CRM broke up from a bearish rising wedge when it entered the DOW< doing well short term, yet sealit a long drop in the long term. Best we can do is enter close to support.
Like a triangle, or a rectangle, after a certain amount of tries, the security will break one way or the other. There should be strong gap support.
Will she stay or will she go?
No recommendation.
The only thing that never changes is change
Channel Down ResistanceCRM hit the resistance of the top trendline of the channel down. Possible cup forming which may help this scenario. Remains to be seen.
The channel down trendlines do seem to be narrowing somewhat which is somewhat bullish.
The 50, 100 and 200 day moving averages are trying to tangle.
Neutral/no recommendation
CRM or HD?? i think CRM can break out of this flag in HD fashion which would be pretty great also got earnings in abt 38 days so could get some earnings hype as the market even goes into earnings mode
also a good value name if we see high inflation i actually bought this really as a weird hedge to CPI data
it doesn't need that to look good tho
$230 then $240 then $300 :)
Salesforce. CRM. Reverse Engineering a Decision.I went long a 240 call option earlier this week on a total gut play, and it turned out to be my best trade. Now I'm reviewing to get some positivity in to start the weekend, and maybe put into trader language what my gut was seeing.
Key things I notice about the trade:
Non-Indicator elements noticed:
- It had nice bounce off the most easily visible liquidity zone.
- It had a TLB from the February high.
- It had a break of resistance ceiling and follow through.
Maybe the stacking of these three elements is what led to the push through what could be viewed as the middle territory.
Indicator elements noticed:
- At the placement of the trade the indicators were saying it was a terrible decision. At least, from the Daily viewpoint.
- The RSI proved pretty useless in this example.
- The Stochastic crossover would have provided a nice entry.
At the end of the day, there is no other way to classify a gut play than gambling, which is unfortunate, because it was my best trade of the week and now I'm having potentially unsustainable habits reinforced.
Maybe I can find some way to confluence these ideas moving forward.
