1CRM trade ideas
That RSI divrgence cannot stop me to post this Long road ahead....
Looks like this forming a new up trend with volume up.
RSI is getting stronger.
With some obstacles around above 230 level
What do you guys think of ?
I am not an expert...
Not a buy and sell strategy
only for educational purpose
CRM Swing position. 3:1 Risk/Reward.Will be looking to add CRM as a swing play. Weekly chart shows solid bull flag consolidation. I am going to be watching on the Daily how the stock performs today. Back over the 20 SMA on daily chart and will watch to see if it holds and closes above today. R/R is 3:1, eyeing a 3-6 month hold on these shares.
*I will post updates later today upon entering.
CRM - About to POPSalesforce has been consolidating since August. It took an unnecessary hit due to its Slack acquisition which yes was expensive, but I think Benioff has a plan to ultimately compete strongly against Microsoft.
Divergence on the MACD and RSI as well as a nice squeeze indicated, I think this thing is going to pop much higher in the next couple of months for a very nice swing trade. I picked up May calls as well as added more shares to my portfolio. I think this one is a no brainer for the long term.
I am not a financial advisor and this is not financial advice. Good Luck!
Salesforce Stock - $CRM Stock - 200 MA Support held up!Salesforce Stock - $CRM Stock - 200 MA Support held up!
Personally, I'm quite bullish. What about you?
CRM FALLING WEDGE RSI AND MACD DIVERGENCECRM has been falling for a while from bad news. Bears have failed to follow through on a bear break the last week and RSI is rising against the stock trend. I'm looking for a break above this downward trend line and a secondary break of 220 resistance.
CRM just plain bullishIn the reversal zone. Should be a strong bounce to start off the next uptrend.
IRON TARIHi guys!
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Enjoy your wallet!
Tari.
CRM Technical Analysis 🧙Salesforce.com provides enterprise cloud computing solutions, including Sales Cloud, the company’s main customer relationship management software-as-a-service product. Salesforce.com also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
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BUY $CRM - NRPicks Ene 17Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as a field service solution.
Fundamental:
- 26% below its fair value
- P/E 54.6x vs 58.7 Industry
- P/B 4.9x vs 9.6x Industry
Technical:
- RSI below 30
- Support at $210.60
- 3% below MA 200
CRM LongIt should hold this level for few days or weeks to build a strong support. Falling below this level is a negative sign and then it should fall out to 189-192. I expect it to hold this level for consolidations.
$CRM Only way is upStoch oversold. Its pretty much consolidated at 213-215 area. Once it breaks the trendline, it will skyrocket. But seriously, CRM needs some love.
CRM - Looking to Snipe a Move at the 210210 support meeting with 200 SMA. Good spot at bottom of wedge channel to get some calls.
crm is a major buy. undervalued. it has been in a downtrend consolidation since after earnings. the rsi is near oversold, the bands are tightnening and the Macd has bullishly diverged. the descending wedge just adds to this. will continue adding to my 250 calls jan 2022. perhaps ill add a leg of 250C June 2021.
CRM LongEMA50/EMA200 as support zone
Demand Zone (Rally based Rally)
Measuring Gap Filled (consolidation)
Trendline break and revisit
Possible double bottom
Entry 220
stop 200
Target 260
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
CRM - Finally Time - Triple Support Bounce to start Wave VThis is a triple support level Wave IV bounce from a falling wedge with bullish divergence. Play is invalidated if the trend line is broken.
Upside PT is 300+. 3/19/21 300c is less than $90 to play.
It's time for this ticker to recover and pay up.
