Long Salesforce if SMA200 holds itAlso last year the stock used to be always above 200 SMA.
Starting from 26th August it was way too far away from 200 SMA that's why it was consolidating in the last months. In the last days it is moving around it.
Option 1) Given the strong support indication based on volume and movement above 200 SMA the stock could bounce and may go up to test the small resistance again.
If the stock breaks through the resistance there is nothing in the way and the goal would be between 220€ and 230€.
Option2 ) If fails again on the resistance the stock may consolidate within a triangle or even fall through the strong support (Option 3).
The close movement to SMA200 is bothering me a little bit. It could trigger a lot of STOP orders if it falls through.
Considering the MACD it may go up with Option 1.
This is just a personal idea and no recommendation.
1CRM trade ideas
Salesforce: The Force Awakens 💪In the vast emptiness of the universe, the Salesforce was long subject to much darkness, but it finally regained enough strength to explore new galaxies! In other words, the Salesforce stock has been within our designated target box for long enough after some months of decline. Now, it is time for the stock to leave the mark of $212.99 behind and push for a bullish offensive. According to our calculations, the stock should approach $284.47 and eventually exceed this mark!
May the force be in your portfolio!
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!
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