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CRM trade ideas

CRM - BEARISH SCENARIOAfter a half-decade of fast hiring and large acquisitions, Salesforce is trying to cut costs and better integrate the companies it has purchased. The 8 000 jobs cut announced on Wednesday is a step forward, but it won`t be enough to stop the downtrend. The expectations are for the downtrend to continue and to reach the $ 115 major support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial
The worst /best is yet to come.........Read the latest article here We can expect more layoffs in the coming month from other non-tech sectors like retail, healthcare, manufacturing, services, etc. This data will be shown in the upcoming job employment data. The FEDs as usual will not proactively resolve the problem but choose to procrastinate and being bureaucratic will spend time in meetings after meetings until the problem has snowballed to a certain size. Thus, I won't be surprised if it breaks the support level at 114.19. When the US economy craters as it will this year (recession, unemployment shooting up) then the FEDs will wake up to halt the rates increase and begin the next round of QE once more. Yes, they will realise their QT has not solved the problem of inflation but merely kicked the can down the road. So, this is a good time to do your research on the darling companies you always wanted to buy but is too expensive. There is no fear of missing out as it is too premature to call the US markets having bottomed out. What you can do for yourself ? Make sure you keep your primary job. This is not the time to play politics but rather be on the ball , haha. You never know when the axe is coming........ Update your resume and network and spread your name in your industry. A good word of mouth open doors ! Cut down on your spending. This can be hard for many people as it is a matter of habits. Do you really need that extra tie when you already have 10 in your wardrobe ? Or can you cut down on buying the premium beef in the supermarket ? Every cents count...... Exercise - Keep to a schedule of exercising at least 3-4 times a week. Be it running, walking, swimming, yoga, working out in gym, etc. It is better to have 30 minutes workout in one session than to have 2 hours stressful workout once a week. This will keep you physically and mentally strong - remember healthcare costs will only goes up over time, never come down. So is your age and thus you need to watch your health. Other sources of passive income - Investment by far is the most straight forward, imo but it requires capital. And time as well , the earlier the better. Upgrade your skills in areas of your interest and perhaps monetise it over time. Try out as many and failed just as many , all it takes is one good idea. Most importantly, stay positive ! Avoid negative people who drained your energy and brings you down with your idea. Have faith, give it some action and work from there .....
NYSE:CRM
by dchua1969
Recession on the Horizon - FOMC and LayoffsYesterday, the FOMC confirmed the backing of higher interest rates for longer. The market reacted negatively signaling negative sentiment on rate expectations for the following quarters. Federal Reserve official, Neel Kashkari, who often has the most dovish views on market anticipation stated that inflation may have peaked but sees interest rates rising higher for the next few meetings. He sees the FED raising rates by a whole percentage point from the current level of 4.25%-4.5% to 5.4% (MarketWatch, Jan. 5). The inflation fight is not over yet, and it remains sticky despite all the economic weakening observed. In a previous thesis where I challenged the US economy about a year ago, I warn of massive layoffs in 2023 despite most analysts and the Fed saying otherwise. Meta and Tesla have already laid off thousands of employees just months ago. Today, large layoffs in tech are happening with Salesforce: “layoff about 10% of its employees, the company also says it will close some offices as part of its recruiting plan, but it is still unclear if any of the bay area offices will be impacted, undertaking major cost cuts in a challenging economy.” (CNBC, Jan. 5). Amazon Chief Executive Andy informed his employees that the number of layoffs in the company has now been increased to more than 18000 roles (ArabianBusiness, Jan. 5). Other firms are cost cutting, most cutting employee benefits. It is just a matter of when or not we are going to see higher unemployment rates in 2023. The most obvious fundamental reason for these layoffs and cost cuts is the fact that all these companies responded to the “bubble” fueled by stimulus and extensive quantitative easing. As a response, the Fed is raising interest higher, and tightening the monetary policy and we see the equity evaluation of these companies dropping significantly. Eventually, that demand is gone, and these companies are left with thousands of employees hired in response to a "fake" demand, over-hired. As equity evaluation is going down, they have to improve the margins by laying off employees and reducing expenses since revenue is going down. I see another reason for large layoffs, perhaps, a more IMPORTANT and IMMEDIATE aspect. Salesforce admitted business activities going down, demand slowing, and growth staggering, however, their stock went higher because they laid off employees, reducing their expenses. On paper, it shows higher margins, and thus, the stock reacted positively. What can become a norm during this economic environment is that we see more companies, especially in the tech industry which saw major lows, employing this technic by raising their stock prices with restructuring and engaging in mass layoffs. My plan of limiting my exposure to risks has not changed. I am holding a majority in cash and short-term government bonds. Looking to increase exposure to my trading in gold when the US 10-Year Real Rates falls from the inverse correlation between the two. Reminder: Higher real yields = expensive to hold gold when compared to other yielding investments such as fixed income, thus the inverse correlation on the charts. This is for personal recording but feel free to comment and argue.
NYSE:CRMShort
by ssavi
CRM Salesforce - Weekly Chart ConcernHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where price may bounce from with historical support but that would mean price needs to come down another 29%. There is also a weekly Death Cross (50D and 200D SMA cross) that occurred recently, which may cause price to head lower. I have also included the Volume and RSI in this chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:CRM
by MillionaireEconomics
CRM Salesforce.com: Bigger Drop ComingHello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE. #CryptoPickk notes the following: 1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price. 2) The price has been supported by a multi-year arc line (in red color). In the past year, the price was supported by a rising trendline (in yellow color), however it broke that support and has potential to fall further. 3) Historically the price has had very large swings as shown in the chart. 4) Based on a Fibonacci Retracement, the price has the potential to touch the 0.236 level around $160-$165, which is also where the price can touch the multi-year arc line. This would be about a 48% drop from the all time high price. 5) There is also a multi-year Bearish Divergence which formed that is also a major reason why a further price drop may be coming. You can see the price has formed HIGH HIGH and RSI and Stoch RSI has formed LOWER HIGH. 6) Keep an eye on the RSI (relative strength index) as it has touched the 49-50 level historically before seeing a bounce. This may be a place to potentially start dollar cost averaging in. 7) This isn't the first time the price has potential to see a sizable drop as it has shown historically that it drops and then recovers. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:CRM
by MillionaireEconomics
8
MA bullish Butterfly is shaped like a crooked M. The 2nd leg pulls to the .786 and the 4th leg pulls close to the 1.272. Peak 2 is lower than peak 1. A falling wedge is opposite of a Rising wedge and both trendlines slope Down with the prevailing trend and narrow at the apex. Price is between the .786 and the .618 of the trend up since the Covid low. Since we are most likely in a Bear market, bullish patterns will be more apt to fail that bearish patterns. Resistance overhead. Short interest is less than 1% No recommendation
NYSE:CRM
by lauralea
How Low Will She Go? Candle InconsistencyPrice has busted the support line of the triangle (orange line). Salesforce, Inc. has killed portfolio performance for over a year now and is still looking for a bottom. I guess everything has a top and everything has a bottom. There are 5 candles that have hit a low at this level, but price can still sail through this level like a missile on a bad market day like today. I see a possible M The 2nd leg pulled to the .786 of the 1st leg. Leg 4 has hit the 1.272 and is where the 5 candles stopped but it does appear price is continuing to make new lows today. OUCH! Falling wedge noted. A Falling wedge /blue/ is opposite of a Rising wedge and can be bullish . It is often found at the exhaustion level of a downtrend. The top trend line would need to be broken and price can also break down from a Falling wedge . The trendlines a falling wedge both slope down and narrow at the apex. Short interest low at around 1%. 5 year low is 101.32. 3 year low is 115.29. It just seems CRM may form a basing pattern soon like a triangle or a rectangle . Time will tell. Today's candle differs here from the red inverted hammer that I see on TOS . This candle needs confirmation but one of the 2 platforms is incorrect. An inverted hammer looks like a shooting star but the inverted hammer is found closer to bottoms whereas shooting stars are found at tops and are bearish . A hammer at the bottom can look like a Hanging man at the top. No recommendation.
NYSE:CRM
by lauralea
Selling CRM at swing highs.Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 166.59 has been pivotal. 166 continues to hold back the bulls. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 145.55 and 140.55 Resistance: 153.40 / 158.00 / 165.00 Support: 148.35 / 145.00 / 137.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:CRMShort
by Saxo
Price is Beneath a RectanglePrice broke to the downside from a horizontal consolidation zone. A lot of RED noted suggesting strong selling pressure. It would seem that even sellers can become exhausted and take a break? Target 1 has been met. Targets 2 and 3 in smaller orange type. Price is below the .618 of the trend up since the Covid low and above the .786. There is a support level not far below price and if this stock is planning to turn up for any length of time, this would be a good place to do so. Earnings are late November and it appears expectations are low. Short interest is low at around 1.35%. No recommendation.
NYSE:CRM
by lauralea
CRM - BEARISH SCENARIOSalesforce, Inc. is a San Francisco, California-based software company with a $150.2 billion market capitalization. The company delivered a -40.86% return since the beginning of the year, while its 12-month returns are down by -44.84%. Despite the announcement that the company will execute its first-ever share buyback program and the plans to lift the prices that it charges for the Slack team communications app that it acquired last year the stock remain under pressure. The next stop is located at the $ 110 support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:CRMShort
by legacyFXofficial