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1CRM trade ideas

CRM Salesforce - Weekly Chart ConcernHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where price may bounce from with historical support but that would mean price needs to come down another 29%. There is also a weekly Death Cross (50D and 200D SMA cross) that occurred recently, which may cause price to head lower. I have also included the Volume and RSI in this chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:CRM
by MillionaireEconomics
CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE. #CryptoPickk notes the following: 1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price. 2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further. 3) Historically the price has had very large swings as shown in the chart. 4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price. 5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH. 6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in. 7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:CRM
by MillionaireEconomics
8
MA bullish Butterfly is shaped like a crooked M. The 2nd leg pulls to the .786 and the 4th leg pulls close to the 1.272. Peak 2 is lower than peak 1. A falling wedge is opposite of a Rising wedge and both trendlines slope Down with the prevailing trend and narrow at the apex. Price is between the .786 and the .618 of the trend up since the Covid low. Since we are most likely in a Bear market, bullish patterns will be more apt to fail that bearish patterns. Resistance overhead. Short interest is less than 1% No recommendation
NYSE:CRM
by lauralea
How Low Will She Go? Candle InconsistencyPrice has busted the support line of the triangle (orange line). Salesforce, Inc. has killed portfolio performance for over a year now and is still looking for a bottom. I guess everything has a top and everything has a bottom. There are 5 candles that have hit a low at this level, but price can still sail through this level like a missile on a bad market day like today. I see a possible M The 2nd leg pulled to the .786 of the 1st leg. Leg 4 has hit the 1.272 and is where the 5 candles stopped but it does appear price is continuing to make new lows today. OUCH! Falling wedge noted. A Falling wedge /blue/ is opposite of a Rising wedge and can be bullish . It is often found at the exhaustion level of a downtrend. The top trend line would need to be broken and price can also break down from a Falling wedge . The trendlines a falling wedge both slope down and narrow at the apex. Short interest low at around 1%. 5 year low is 101.32. 3 year low is 115.29. It just seems CRM may form a basing pattern soon like a triangle or a rectangle . Time will tell. Today's candle differs here from the red inverted hammer that I see on TOS . This candle needs confirmation but one of the 2 platforms is incorrect. An inverted hammer looks like a shooting star but the inverted hammer is found closer to bottoms whereas shooting stars are found at tops and are bearish . A hammer at the bottom can look like a Hanging man at the top. No recommendation.
NYSE:CRM
by lauralea
Selling CRM at swing highs.Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 166.59 has been pivotal. 166 continues to hold back the bulls. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 145.55 and 140.55 Resistance: 153.40 / 158.00 / 165.00 Support: 148.35 / 145.00 / 137.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:CRMShort
by Saxo
Price is Beneath a RectanglePrice broke to the downside from a horizontal consolidation zone. A lot of RED noted suggesting strong selling pressure. It would seem that even sellers can become exhausted and take a break? Target 1 has been met. Targets 2 and 3 in smaller orange type. Price is below the .618 of the trend up since the Covid low and above the .786. There is a support level not far below price and if this stock is planning to turn up for any length of time, this would be a good place to do so. Earnings are late November and it appears expectations are low. Short interest is low at around 1.35%. No recommendation.
NYSE:CRM
by lauralea
CRM - BEARISH SCENARIOSalesforce, Inc. is a San Francisco, California-based software company with a $150.2 billion market capitalization. The company delivered a -40.86% return since the beginning of the year, while its 12-month returns are down by -44.84%. Despite the announcement that the company will execute its first-ever share buyback program and the plans to lift the prices that it charges for the Slack team communications app that it acquired last year the stock remain under pressure. The next stop is located at the $ 110 support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial
Salesforce.com Could Be Trending LowerSoftware companies like Salesforce.com have struggled with rising interest rates and a strong U.S. dollar. Today we'll consider some potentially bearish patterns on the daily chart. First is CRM's inability to reclaim the monthly lows of June and July last week. (Both were around $158.) Second is the descending channel taking shape since the beginning of September. Next, consider how the stock has remained below its 21-day exponential moving average (EMA) over the same period. Finally, stochastics are retreating from an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:CRM
by TradeStation
Up and up with Salesforce.End of flat, Exit C pre confirmed. Ready to bet on a rise. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:CRMLong
by Rykin_Capital