CRM trade ideas
Covering Short position #crm
Real-Time Algorithmic Trading Signals. Stay curious
Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
The force of Salesforce Now that Apple is no longer the king of the DOW, who is ? It is Salesforce, a global CRM company.
Read some articles here , here and here .
A discount might be on the table soon if it corrects its price to close the gap.
Trade Update: Sell 25-50% and move stop to breakeven
Real-Time Algorithmic Trading Signals. Stay curious
SALESFORCE buy signals intradaySALESFORCE, H1: Mirror level + Side of Bollinger bands + Divergence + Spinning Top
Iron TariHi guys,
for this IC we have 3 weeks and 7% strike, so just follow the simple steps of my strategy and jump in!
Enjoy your wallet!
Tari.
$CRM earnings flag breakoutclassic earnings flag break out pattern.
price consolidated for 4 weeks after a big gap up day on earnings.
price broke out of consolidation range.
target ~320
Next week should be funWill this reach all-time high or form a double top? Accord to the pitchfork, it should touch $285 next week. If a stimulus gets passed next week we will definitely reach ATH but who knows.
CRM: Inverted Head & ShouldersInverted Head & Shoulders
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SalesForce Looking HeavySalesForce looks like an ideal short right now because of the ridiculous rally it made at the end of August. The stock rallied $80/share, which translates to a market cap increase larger than the entire NFL. Crazy, right? When you read the reason for the earning surprise below, it's even crazier.
As Reported By Salesforce:
"Second quarter GAAP diluted earnings per share was $2.85...Mark-to-market accounting of the company's strategic investments, required by ASU 2016-01, benefited GAAP diluted earnings per share by $0.55 based on a U.S. tax rate of 25% and non-GAAP diluted earnings per share by $0.58 based on a non-GAAP tax rate of 22%. GAAP diluted earnings per share was also benefited by $2.17 as the company changed its international corporate structure, which included the consolidation of intangible property, resulting in a $2 billion net tax benefit related to foreign deferred tax assets."
I'm all for bullish optimism by default, however this stock rallied dangerously with no clear support level below the run-up. Its kinda hanging in no-man's land right now with no fundamental reason to support that level (P/E ratio is currently 95, astronomical). I expect a retest of the lows, followed by once of the shown scenarios. If the stock does break through the lows, then I expect the stock to range downwards to $200 hitting various fibonacci levels as resistance/support on the way down.
Welcome to Tech Bubble 2.0!
CRM 1HR AnalysisToday, one resistance was broken
Using Elliot Wave patterns, can we say we are already in Wave 3 and predict the next two PT using Fib Retracement
~ I wish I caught this on its second Elliot wave
Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August.
- The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning.
- A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside.
- The RSI indicates CRM is not yet overbought (RSI<70).
- Furthermore, the stock is trading above its 20, 50, and 200 moving averages .
$CRM - Currently above the resistanceNext target is the peak via closing and stabilizing above the resistance,
Not for any advise
Just an Idea,
"CRM Long" Bullish will this see $278.28 by mid Nov. early Dec.NYSE:CRM CRM like the range test today at 256.51 will keep a close eye on this one. CRM has created a nice bottom over the past few days around the 239.45 area. It has also broke a nice down trend and is holding the recent uptrend if this one can get going on the break of the range this can have room to 278.28 area before it test its recent high of 284.50.
