CRMPositive price action on CRM but needs to take out RSI 61.8 level which has been problem in the past. Otherwise, momentum is strong.Longby Trade_with_confidence0
Inverse Head and ShouldersTargets 1 listed above. Targets 2 also listed in smaller type and are longer term targets. There is a wide rising wedge that may be narrowing but it is not a super narrow convergence of the 2 trendlines. Just something to keep an eye on for now. Negative volume does appear to be picking up. Price is inside the bands set on an 80 DMA. CRM is not oversold or overbought at this time of RSI set on 80 and 30. CRM traded in a shark pattern at the bottom and pulled to the .886 fib level which has helped it break the neckline. The Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, is a reversal pattern that shares many common characteristics with the Head and Shoulders Top, but relies more heavily on volume patterns for confirmation. As a major reversal pattern, the Head and Shoulders Bottom forms after a downtrend, with its completion marking a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. However, the market is not ideal and the RS and LS are rarely exactly the same price. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline. The price action that forms the Head and Shoulders Bottom is roughly the same as that which forms the Head and Shoulders Top, but reversed. The role of volume marks the biggest difference between the two. Generally speaking, volume plays a larger role in bottom formations than top formations. While an increase in volume on the neckline breakout for a Head and Shoulders Top is welcomed, it is absolutely required for a bottom. There is a large volume bar marked by yellow star that marks the 2nd break of the neckline after a throwback occurred. The neckline is resistance until broken and then can become support. This is a reversal pattern so there has to be a preceding downtrend to reverse. While in a downtrend, the left shoulder forms a trough that marks a new reaction low in the current trend. After forming this trough, an advance ensues to complete the formation of the left shoulder. The high of the decline usually remains below any longer trend line, thus keeping the downtrend intact. From the high of the left shoulder, a decline begins that exceeds the previous low and forms the low point of the head. After making a bottom, the high of the subsequent advance forms the second point of the neckline. The decline from the high of the head (neckline) begins to form the right shoulder. This low is always higher than the head, and should be in the vicinity of the the left shoulder. It is considered more bullish if the right shoulder (RS) is higher than the left shoulder (LS). The neckline forms by connecting reaction highs, or the peaks which represent resistance. Depending on the relationship between the two reaction highs, the neckline can slope up, slope down, or be horizontal. The slope of the neckline will affect the pattern's degree of bullishness: an upward slope is more bullish than a downward slope. The neckline must be broken with an uptrend in place. An expansion of volume is necessary upon break out. Targets are calculated using the length from the head to the neckline and projected up from the neckline. Any pattern can fail and throwbacks below neckline after a break out do happen. This pattern does well in a bull market and not so great in a bear market. No recommendation. The green triangles are pocket pivots.by lauraleaUpdated 224
I am buying CRM Lot of consolidation happening at 215-225 price range.....I am accumulating it in 215-225 price range keeping stolposs below 209 on closing basis...Once it starts closing above 230 then i am expecting bigger moves....Longby rahul102030Updated 115
CRM earnings Run upYellow lines - Overall path and primary trend Green circles -Rejections at resistance Purple lines - Rising wedge Red and white arrows - possible path. I think either monday or Tuesday we're going to drop down to wedge support which is around the 50ma 240/239. from there you'll have a bounce. from 240 this should make its way up to either 249 (Primary trend resistance) or 256 wedge resistance then make its way back down to wedge support at 246 before earnings where it has the 50/50 chance of gapping on earnings to wedge resistance again at 260 or falling out with a bad ER. a fall through a rising wedge as you know would lead to a trip back to trendline support (Yellowline) RSI is showing same pictureby ContraryTrader1
$CRM Salesforce bullishIf NYSE:CRM surpaces the $250 dollars in the next days and keeps over this amount it would increase between 9% and 20% form its current priceLongby criselgeek2
Entry CRM@ $245 Target@ $1,300 Sept 1, 2025 Value GrowthSalesForce, Inc . (CLOUD) Entry CRM@ $245 Target@ $1,300 Sept 1, 2025 Short Term Entry CRM@ $245 Target@ $5,000 Feb 1, 2027 Long Term Technical Analysis Conditions: 1. Break-out of Channel $285 2. Pull-back towards $200 3. Ideal Entry $210 to $250 4. Target @ $1,300 to $5,000 5. Impressive Revenue Growth Fundamental Assets Descriptions: Sell smarter and faster with the world’s #1 CRM solution. See how Salesforce is helping businesses of every size with: Lead and contact management Sales opportunity management Customizable reports and dashboards Align, manage, and motivate sales teams with collaboration tools and built-in CRM insights. Drive growth in a virtual world with the best in class sales solution. Learn more. Company Website: www.salesforce.comLongby SUPERGENERAL6101
Trade Idea on CRM - Trading the Flag PatternHi! Today we will share with you a trade idea (real setup we will execute on CRM) First, let's understand what we can see here from a technical perspective. a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level. b) After a huge GAP that broke the expanding structure, we observed a 270 days consolidation (Flag Pattern). c) In June, we saw the breakout of the Flag Pattern that tends to anticipate the beginning of a new movement once the price reaches a specific confirmation level (ABOVE "B") d) Based on the previous items, we have defined pending orders above "B" and stop loss below "C" the key idea of these levels is that they are on price levels that provide good confirmations in term of broken levels. This type of approach increases the possibility of success. e) What about the target? We have used a principle developed by Elliott, "New Impulses have correlations with the previous ones." In this case, using the previous impulse (Before the Flag Pattern), we can draw Fibonacci Extensions (nothing more than fixed proportions) to define 2 targets. f) How long can it take this movement if everything goes as expected? Between 200 and 350 days. g) How much do you risk in a setup like this? ALWAYS 1% OF our capital, never more. What does it mean? If you have a 10.000USD balance, you want to have a maximum loss of 100USD if the price reaches the stop loss. Is this a forecast? Not at all; this is a scenario that our system tells us, "Here you have a 50% chance of having a winning setup, with a risk-reward ratio of 2.36" With that clear, this is a bet we will take 100 times. The most probable thing is that we will be wrong 50 times and right other 50. Our main goal is developing a positive expectancy over the long term. In other words, "an edge." Thanks for reading!Longby ThinkingAntsOk116
CRM MONSTER MOVE COMING!!!-We successfully closed above the 9-day ema and had a little pullback - Now we have a clear pathway towards next level of resistance we can take a position here on monday once we see a clear trend starting to form -you can also wait till we break that resistance level then take a safer position. -Once we break levels there then we are gonna be sitting in deep profit already and this can go back to ATH from here.Longby Ubaidy1000
Short long play / Just for fun!Take a look this is just for fun please. I am not a financial advisor or a professional trader. Just a random guy on the internet.Longby juvitoUpdated 0
CRM - Sideways and then downCRM - Sideways and then down Could go either way but looks like we have a difficult resistance line to break.Shortby huxtable0
double top formed? i think so! lets see what happens.purple range was resistance from 2020, recently double topped/fake-out breakout from our FEB highs this year, potential short opportunity here if this small downtrend channel holds. I can see this bouncing back to the upside once we get close to our TP 2 of 220.29, very good risk reward there for longs. good luck :) like n follow for more.Shortby Vibranium_Capital21
Sunday Prep 7/19 - $CRM Looking for a flush into the 200d/monthly pivot/quarterly pivot in the 233 area for a high probability spot for a bounce. Added bonus is that level is ALSO the 20sma on the weekly. I will also be starting a swing long down in that area in my longer term account. But will just nibble for now due to the early comments mentioned about the broader market. Longby TrueTraderOfficial0
Going Long after short correction to 230With the possible tech correction, it looks like CRM is retracing to the bottom of the trend line at around 226-232 area. If trend line holds, it should be a good long swing trade going up to 265-275. Longby UnknownUnicorn72458191
CRM LONGI think this one is really starting to look like move out of consolidation in 2018 as shown by grey line. 400 is comingLongby shlobby2
golden on the daily. Niceeeeee$252 hard resistance. $CRM has to announce something with a strong catalyst for it to breakout. Its on the perfect set up. Coiled for way too long by Siraaj19952
CRM trade idea Bearish Divergence + Double Top + Slowed Momentum 3 confirmation of bearish playShortby Trade_with_ICEUpdated 2
Is it a good time to open long positions in Salesforce???IMO: for a better entry wait for it to close above the resistance level and gets out of he consolidation pattern..! by Moshkelgosha226
Salesforce.com Could Be Squeezing Toward a BreakoutSalesforce.com, like Amazon.com yesterday, has gone nowhere since spiking to new highs last summer. However now it’s showing signs of a breakout. This chart includes the same custom Distance from MA script, showing that CRM traded 59 percent above its 200-day simple moving average (SMA) early last September. That last time it was that extended was 2006. However now it’s back to a much more typical reading below 10 percent. Next, price action has been so quiet that Bollinger Band Width has slipped to its longer-term extreme around 5 percent. Also notice how the higher lows recently formed an ascending triangle that the cloud pioneer has escaped the last two sessions. These suggest price is ready to expand after compressing. Additionally, the 50-day SMA is nearing a “Golden Cross” above the 200-day SMA. Finally, consider the $250 level where CRM peaked in mid-February before knifing lower. Yesterday it challenged that area and registered its highest closing price since November 24. This suggests the market has come to accept the new price range. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation12
CRM - Time for Calls!After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels. I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well. With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65, indicating a possible short-term upside of 12.27%.Longby ClargyInvesting2
[Trade Review]How I traded $SQ,$ROKU, $HD, $ROKu again.. HUGE FIn this video I will reviewing trades I took on July 1 & 2nd , 2021 which were $SQ, $ROKU, $HD, After taking a massive hit we recovered well with patience and some time to clear our mind and a little bit of backdating we made a huge comeback on the small account! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!11:37by Raulf-m2
crm break out over 248 Set stop to entry after getting filled. has a good r/r target around 251 . wont buy until over 248 Longby dwarsco110