CRM trade ideas
Is it time to take another shot?We were burned holding CRM into earnings but price seems to be reversing back into the previous range. As long as it holds the 215 area, net volume trends higher, and the overall market holds up CRM could regain those earnings losses
"CRM Long" Bullish will this be able to push to $244.30 $CRMNYSE:CRM $CRM Like hoe this held and bounced off of that 219.86 support and if this can hold 230.49 I feel this will be that start of a move back towards that 244.30 are
$CRM Salesforce Bull Flag: Buy Within The Channel Look for buys above 230. Targets on chart. Good luck!
CRM Long term hold 3 - 6 monthsInvest in good company, I got myself a Leap Debit Call for March since Salesforce is dominating B2B sector
Buy $CRM - PT 1 229, PT 2 236, Breakout 223, SL 215Salesforce has yet to fill the gap caused by the Slack buyout news. My original plan was to play the breakout at 229, but the recent dip has turned that into a short term profit target with a break of 223. Swing traders can buy now and aim for 223 on a medium or long term timeframe.
CRM ideaTook a small position 2 days ago and staying small until a new uptrend starts on the daily charts. CRM is making lower highs and lower lows in a bullish trend overall making this a healthy breath in this stock so far. There is a daily bullish potential on this.
There is a rejection candle from the highs so this could break down more. The down trend is basing off support (previous resistance) and marginally regained the 12ema on the daily chart. Weekly marginally regained 26ema ( gap down Monday may confirm downside continuation) on decent volume but the closure is only marginal for now. This stock likes to fill gaps up and down in this down trend so fully expect a test of the 50 day ema with a retest of previous resistance.
Weekly resistance break and retesting:
One could argue a monthly bullish flag but we do not full believe these patterns without confirmation:
Daily gap:
$CRM Currently oversold. Likely Bullish Run Through Earnings.$CRM Currently is currently oversold. Likely will run through earnings. Great area to enter for a long position.
CRM on track for GrowthTarget of 270 before the March Earnings.
Breakout at 230 level.
Buy More at 220
Stop loss at 210 which would give us a lower low and indicate Down trend
We are currently Trading inside the channel shown
Stay safe :)
CRM Long term Buy around USD 200Sales Force Inc. Long term Buy around USD 200, maximum take profit USD 350.
Gap Fill up Imminent on CRMOn December 2, we saw the gap fill down that many of us were anxiously anticipating, but it looks like it happened a little fast, leaving a gap to fill on the upside.
Since then, following the initial decrease in volume, we can see it back on the rise, an ascending RSI, a double test of support around the 217.86 level, a Dragonfly Doji for Friday, and a negative MACD right on the bullish cross to set up for an interesting week.
Swing trade PT - 238.5
Somebody Hold The CupNah please, allow me. I insist. Somebody gotta hold CRMs cup while she roofs it
Salesforce looks strongCRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK).
Risk reward ratio is around 3.
A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap.
OBV line has tested and is now respecting the line that was made before the gap higher.
LONG CRM;Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Good time to get into $CRM after the consolidationGood time to get into the consolidated $CRM after the surge caused by the Slack acquisition.
I'll be using 10% of my total funds. and I'll sell the 20% of that (2% of total) just the before the price reaches the old time high at around $276. This will provide some return while I let the rest of my funds ride the next surge which will take us post $400.
$CRM Salesforce Reversal trade opportunities
CRM is looking primed to offer a reversal trade.
3 levels of support have held for 2 weeks.
No insider sells for a few weeks also helps.
Volume resistance gap above.
Targets $230-$232
$238 to Gap Fill resistance.
