1CRM trade ideas
$CRM breaking out into highs...#Salesforce, the gold standard #CRM application software/platform for enterprises continues to move higher. As this one extends far above the 20MA, one should anticipate short pullbacks to consider a long.
CRM, Trend Channel and Fibonacci ResistanceCRM graph should be read with ETFs that hold vast amount of share.
www.etfchannel.com
Those ETFs seem that they reached their almost top resistances and most propably will drag CRM with them.
CRM bullflag b/oIt had a bullflag b/o on Thursday, but pulled back on Friday. Does anyone have an idea why it is?
Long CRM into 5/29 Earnings Long CRM into 5/29 earnings -- looking for a run-up before earnings release
Buy CRM on the DipThe 50-day moving average is acting as support. CRM should bounce at 124 and move back up towards 132. #buythedip
CRM Fibonacci Retracement and Short Oppourtunity.Applying Elliott Wave Theory on recent CRM stock chart can expose a potential short oppourtunity
Bullish on this software/platform business model.#Salesforce is dominating the enterprise marketplace in #CRM and different sub business marketplaces. With just a gut-feel analysis (disregarding quantitative facts), I feel that this company has become a gold-standard in the marketplace.
SALESFORCE: Continuation of (strong) uptrendOn the monthly and weekly time frame it's clear that this is an uptrend. With recent market correction price dropped but now it seems to be moving back up again. Hopping on trying to get in on a nice trend trade again.
Trendlines and support resistance (price action) are key areas for me on this trade.
*Note: The stock/indices market doesn't look good right now so manage risk with caution.
$CRM Salesforce - Inverted H+SCRM Salesforce - Inverted H+S. Watch for confirmation and breakout above $120.45
Two overhead gaps to be filled. Earnings 05/17.
CRM 10-Day-Ahead Prediction - 04/02-04/13 PeriodArtificial Intelligence/Deep Learning Enabled 10 Day Ahead Predicted values for Salesforce.com - CRM have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models to extract hidden time series features in vast amounts of CRM related data.
We have chosen the stocks with the highest expected percentage change in 10 Days, and CRM is one of them.
The expected 5 Day Change is 4.9324 %
The expected 10 Day Change is 5.942 %
Predictability Indicator is calculated as : 0.847
Predicted 10-Day Ahead Prices are as follows:
Mon Apr 02 Tue Apr 03 Wed Apr 04 Thu Apr 05 Fri Apr 06
119.89 121.29 121.46 121.68 122.03
Mon Apr 09 Tue Apr 10 Wed Apr 11 Thu Apr 12 Fri Apr 13
122.58 123.04 123.19 123.16 123.21
Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
Feel free to contact me for your questions.
Salesforce LongSalesforce long. Exit if it closes below the 100 day moving average.
After a very strong earnings report we are seeing Salesforce pull back to the 50 day and then 100 day moving average. Although the market has seen unusually high levels of volatility the last two months, this pattern is actually consistent with what we've seen with Salesforce since the start of 2017. Just taking a quick look at the chart you'll see CRM tends to do better the second and third months after earnings are released compared to the month just after they come out. After the previous four earnings releases we saw a pullback to the 50 day moving average within the next month and sometimes to the 100 day moving average, which it has't closed below since January 2017. On Wednesday CRM came within a percent or so of the 100 day MA and closed higher on Thursday on the 50 day MA to the penny.
Doing a Fibonacci retracement of the most recent rally from Feb 9 until the top in March shows that CRM opened Wednesday March 28 at the 0.618 retracement level, and closed slightly lower. The following day CRM opened at a support level, dipped very close to the 0.618 retracement intraday trading and then closed higher at the 50 day MA. In doing so, CRM formed a white soldier candle as part of a morning star reversal pattern, very bullish.
On Wednesday we also saw the CRM hit a level on the RSI that has acted as support for the past 20 months or so, and we saw a bounce higher the next day, another bullish sign.
I don't think anyone can say for certain that the recent market volatility and sell off is over, but the fundamentals of Salesforce are strong and the technicals are showing signs of a reversal. So between the 100 day MA, the Fibonacci retracement level, the morning star reversal and white soldier candle formation, and the support on the RSI, I feel confident about going long CRM for the coming weeks. The point at which I would exit this trade is if CRM closes below the 100 day moving average. My most optimistic price target for CRM is $137 by the end of April, but I have a target of $130-132 by end of April.
