CRM trade ideas
CRM stocks on the way to ATH again?Hi every one
SALEFORCE
This the SALEFORCE.COM INC stocks. this company's central office is in san Francisco ,USA. recent reports of this company has been very Impressive! on the technical side we can see that the Price has been In a Descending channel for a few months. but now the price has managed to break this channel upwardly so there is a strong chance the price of the stocks would Increase from this Point. the price can easily Increase to It's ATH once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Inverse Head and ShouldersCRM appears to be struggling big time at the neck line. 2 strikes so far.
Long entry level is a break of the neckline with an uptrend in tact.
Inverse head and shoulder bottoms usually do well in a bull market, but not so hot in a bear market.
Possible stop below 223.60 or last pivot low. or the lowest shoulder depending on how conservative you are with stops.
The top wicks on the 2 attempts to break the neckline are long with one resembling a shooting star. The bulls fought to get price to the top of the top wick, but the bear took took them to a price below the open that day which is the top of the body on a red candle. The top wick representing the high of the day and the bottom shadow/wick representing the low for the session.
No recommendation
Salesforce Inc - Q1 Results Supportive of Technical StructureSalesforce recently reported it's Q1 results with reported revenue of $5.96 billion up 23% from a year ago. The top-line figure came in ahead of both the company’s guidance range of $5.875 billion to $5.885 billion and the Street consensus at $5.89 billion.
According to Barron's, 'for the January 2022 fiscal year, the company sees revenue of $25.9 billion to $26 billion, with non-GAAP profits of $3.79 to $3.81 a share, ahead of the former Street consensus at $25.8 billion and $3.43. The company said the full year includes about $500 million in contributions from Slack Technologies. Salesforce expects its acquisition of Slack to close toward the “very end” of the fiscal second quarter.'
“We had the best first quarter in our company’s history,” CEO Marc Benioff said in a statement. “We’re on our path to reach $50 billion in revenue in FY 2026.”
Technically , the share has been in a multi-month downward channel, peaking at 284.50 in September 2020 however on the back of the earnings release, the share breached the channel which was followed by a back-test/re-test. We also note the share breaching the mid-point of a 'W' formation, further supporting a directional shift from neutral to moderately bullish.
The share is a buy provided $229 is held.
On the upside, the targets are the $252 to $263 range.
Last: $238.14
Trading Idea - #Salesforce short-termBUY
ENTRY: 217.60 USD
TARGET: 234.56 USD (+8 % profit)
STOP: 207.66 USD
Salesforce is the world's leading provider of customer relationship management (CRM) software.
1.) Testing the support at $ 209.95 provides good timing for buying the security.
2.) The growth in recent years is one of the company's strengths. A further growth of 70% is forecast over the next 3 years (until 2004).
3.) Salesforce is in a great financial position, which gives it immense investment capacity.
4.) But beware! The ratio of "company value to sales" places the company among the world's most expensive companies.
5.) The trend in the last 10 months is clearly negative. Therefore, I only see a short-term buying opportunity.
6.) With a clear breakout of the downward channel, new possibilities arise!
$CRM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CRM after a Positive over reaction following its earnings release placing the stock in drift B
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Inverse Head and Shoulders Earnings 5-27 AMCCRM also appears to be in a shark pattern, but would need to break the neckline with an uptrend in place to meet long entry level for the Inverse Head and Shoulders pattern.
LS 285 Head 201.51 RS 208.91
A Belthold candle pattern is bullish, and when found at the bottom can serve as a bullish short term reversal candle. This candle has no lower shadow and closes near the high.
It is risky to trade close to earnings, as we know as security can beat and still go down.
If you wanted to trade the shark pattern, you could place a stop under C. This could make it to B, but it will ht the resistance of the neckline eventually. When price breaks the neckline, it will become support.
There is a pocket pivot under price, but a little ways below it now (green triangle)
No recommendation
Fear can squelch desire Desire can conquer fear (o: