CRM trade ideas
CRM in uptrend regression channelLooks like CRM could be in a uptrend regression channel.
If this is true, a possible price target might be 0.618 Fibonacci which is ~324$ or ~+10%
Stop loss: 269$ or -8.5%
==> risk/reward ratio a little bit better than 1:1 is not very tempting - so I don't recommend to enter the trade now.
If you're long already you might want to hold for more profit.
This is not financial advice.
CRM POTENTIAL 5 POINT MOVECRM is showing a potential break on the Daily Chart for a short 5 point move to 300.
The 1hr is already showing an entry with initial room to 295 first and if price breaks 295, it has room to 299-300.
Stop loss 289.50.
I like the consolidation back to the 21Ma on the daily chart and the weekly chart isn't bad either.
$CRM - Sky is the limitBreakout from 1-year long rounding bottom on 10/14 allowing for new ATH and has been consolidating for several trading days. Above 10/19 high of 295.53 is a good entry to go long.
CRM BearishCRM has been trending up since last week and now it looks as though investors are getting ready to take profits.
- Slow Stochastic is curving down at the top of channel
+ Slow Stochastic is at 97
+ RSI overbought
+ MACD shows slight slowing
+ gravestone Doji at the top of uptrend (bearish)
October 19 CRM started to trend downwards around mid-day, so momentum is slowing.
Price Target One: $284.54
Price Target Two: $275.44
SalesForce CRM short 15min monitor 5minSalesForce CRM short 15min monitor 5min
1:98
Looks good trade.
Lets monitor.
Small lot size
Disclaimer: just an idea
10/17/21 CRMSalesforce.com Inc. ( NYSE:CRM )
Sector: Technology services (Packaged Software)
Current Price: $291.66
Breakout price trigger: $284.50 (hold above)
Buy Zone (Top/Bottom Range): $289.80-$275.50
Price Target: $332.00-$335.90 (1st), $418.00-$422.00 (2nd)
Estimated Duration to Target: 110-117d (1st), 335-374d (2nd)
Contract of Interest: $CRM 1/21/22 300c, $CRM 1/20/23 400c
Trade price as of publish date: $12.50/cnt, $9.85/cnt
CRM - Buying OpportunityTextbook ascending triangle pattern.
This is what happened...
1) Breakout 2) New all time high 3) Healthy pullback/ retest of breakout level 4) Popped into new ATH's.
It could pull back to around $287, but I'm looking for continuation to $300.
CRM BreakoutCRM made a breakout yesterday
Want to see a follow through today
1 Year long base
Price above 200DMA
CRM is about to RIPCRM is setting up for a huge breakout. RSI & MACD are looking strong. Anticipating a gap and go over resistance tomorrow provided the FED doesn't tank the market today.
Ready for breakoutI haven't been trading this lately but the chart caught my attention. We might be looking at a breakout soon on this.
$CRM plan and targetsLets take a look at CRM.
We have gaps on top and bottom.
-Price is currently trading above the 20day moving average creating a rally base rally.
-Bearish below 2hr demand.
let me know what your thoughts are in the comments!
thanks for stopping by!
CRM what s Next ?CRM has reached the first target relative to the last Movement (see My idea : Sales Force : Signal confirmed to Buy 09/19).
Now we begun a correction phase, before to continue to next targets.
For the buyers not yet to enter, we must wait for rebound. May be at 269.26.
If we break this support it’s not good and we must stay outside.
For the sellers the trend is still bullish, but if the chinkou cross the prices it s a signal of weakness.
So let’s see ..
SALESFORCE.COM BEST TO BUYCRM Stock already break out from Daily TimeframE...can wait to come near 240 or above 290 for target 345 in next one year.
CRM: Ascending Triangle (61%)CRM ascending triangle, not confirmed yet.
Must break through the 285$ resistance with volume to confirm.
If confirmed:
Price target = 460$
Stay humble, have fun. make money!
$CRM - 1yr base breakout set upSalesforce : $CRM - breaking out of its year long base.
25% deep base.
If broader market helps further upside likely.
Update: Salesforce (CRM) - Fundamental & Technical Idea Now +19%Update: Salesforce - Fundamental & Technical Idea Now +19%
A great example of earnings being an additional driver over the 3-month period. Well done if you were long.
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