CRM Technicals Tell Us To Be Cautious - Short Term NeutralTriple top? Held the 100 day but stopped right below the 20/50 day EMA. I'd be cautious long term but will probably have another attempt albeit probably short lived. CRM
1CRM trade ideas
long bias on crmLooking for long break out of the wedge after cup formation. Looking for break out of possibly bounce off support line with tight stop.
If Then - LongLong idea - With short holding timeframe in mind
-Stop below 50ema~(1.2% away)
-Potential reward top of wedge~(2.8% away)
Take it level by level to determine if taking profits at the target or if this should become a trade2Hold
CRM WedgeI'll take through 161 for fun son
(could straddle but the premiums are higher than I'd like)
$CRM Salesforce is running out of buyers, cash in your chips.The cloud kings have lost their Mojo, investors are starting to look to secure investments, high dividends, utilities,communications and REITs. The smart money is coming to terms with the massive run some of these cloud kings have had and their P/E ratios. Even the chip stocks and semi's offer a much better P/E ratio and provide the actual infrastructure for the data centers. We think its time to take the money of the table in CRM as all indicators are pointing to decline.
CRM DOUBLE TOP BEARISH DIVERGENCEBEAR CASE:
* Weekly bearish divergence
Bull CASE:
*China
**** I think we break way lower... Let's talk about i!
Third time's a charmCRM is retesting the 161.20 resistance level for the third time. The short time volatility indicates that it's poised to make an upward stride.
CRM Headed HigherPerfect bull flag. Target #1 - $172 Target #2 - $183. However, I'll exit regardless prior to earnings or if there is a reason to sell such as a breakdown. I am long. While I believe this is a great entry point, if not already long, I urge you to do your own research, I do not give investment advise.
daily RSI/MFI divergence + rising wedge = ....SHORT. Market's starting to show cracks... cloud stock that's getting pumped while AMZN and MSFT get slammed...
CRM: xABCD formation completion, -30% downsidePotential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
CRM short below 147.5Raising wedge.. it has support around 147.5
Wait till that point and if it breaks down, we are IN.
WDAY short below 147.5WDAY very nice ramp up.. while others are trying to recover the fall this is nearing its ATH. However, we are not forcing ourselves and not trying to go against the trend.
We will see if it breaks 147.5.. and we will take the short
