CRM trade ideas
CRM WedgeI'll take through 161 for fun son
(could straddle but the premiums are higher than I'd like)
$CRM Salesforce is running out of buyers, cash in your chips.The cloud kings have lost their Mojo, investors are starting to look to secure investments, high dividends, utilities,communications and REITs. The smart money is coming to terms with the massive run some of these cloud kings have had and their P/E ratios. Even the chip stocks and semi's offer a much better P/E ratio and provide the actual infrastructure for the data centers. We think its time to take the money of the table in CRM as all indicators are pointing to decline.
CRM DOUBLE TOP BEARISH DIVERGENCEBEAR CASE:
* Weekly bearish divergence
Bull CASE:
*China
**** I think we break way lower... Let's talk about i!
Third time's a charmCRM is retesting the 161.20 resistance level for the third time. The short time volatility indicates that it's poised to make an upward stride.
CRM Headed HigherPerfect bull flag. Target #1 - $172 Target #2 - $183. However, I'll exit regardless prior to earnings or if there is a reason to sell such as a breakdown. I am long. While I believe this is a great entry point, if not already long, I urge you to do your own research, I do not give investment advise.
daily RSI/MFI divergence + rising wedge = ....SHORT. Market's starting to show cracks... cloud stock that's getting pumped while AMZN and MSFT get slammed...
CRM: xABCD formation completion, -30% downsidePotential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
CRM short below 147.5Raising wedge.. it has support around 147.5
Wait till that point and if it breaks down, we are IN.
WDAY short below 147.5WDAY very nice ramp up.. while others are trying to recover the fall this is nearing its ATH. However, we are not forcing ourselves and not trying to go against the trend.
We will see if it breaks 147.5.. and we will take the short
Salesforce gods
Salesforce is a stock I've been following since 2016.
I'd say if he breaks up we'll look for new tops ... Let's wait for volume confirmations.
Please make this real.
Another Textbook Market Cycle: Short CRMAfter an asset goes on an exponential run-up, it has a major correction. CRM looks poised to plummet over the next few months, as it has formed a very nice short opportunity here at $142. This chart is very similar to Bitcoin, in January of 2018.
CRM looks to be stopped out by the 100MA (white line) as well. It looks very similar to the S&P in early December, before its major plunge.
Moon zone for salesforce.
I think technology will be useful and this channel will be respected, the strength will be up in the long run.
I just want to respect the cycle of many technology companies.
$CRM Bullish Channel - Unusual Options Activity$CRM Salesforce.com holding within what looks like a bullish channel for the last few months.
- Bullish options activity today with 15k $155.00 strike (OTM lottos trading for under $1.00 - Delta 0.11) Jan 18th 2019 call options traded for $1M in premium against OI under 5k. As well as 3.8k $135.00 strike (ATM - Delta 0.54) Feb 2019 call options traded for $3.3M in premium against OI just over 1k.
Price target based on channel trend lines = $153 by mid-January (which would mean I'm forecasting the $155 lottos will expire worthless)
Note: Informational analysis, not investment advice.
