Salesforce (CRM) – Bullish Setup AnalysisWeekly Chart – Cup and Handle Formation
• The stock has formed a classic cup and handle pattern on the weekly timeframe.
• Moving Averages (20 & 150) are trending upwards, supporting bullish momentum.
• After breaking out, CRM retested the breakout level as support and is now showing signs of continuation.
• The potential long-term target stands at +60% upside, aligning with the measured move projection.
Daily Chart – Consolidation & Breakout Retest
• The stock is currently trading within a converging channel, stabilizing near the breakout level.
• A wick rejection at the breakout price suggests strong demand at this level.
• Stochastic oscillator is turning upwards, indicating the start of a potential bullish cycle.
Final Thoughts
If momentum continues, CRM has the potential for a strong bullish move. Watching for confirmation and volume increase on continuation.
What’s your take on this setup? Let me know in the comments!
FOO trade ideas
Salesforce: triangle on a upwards channelSalesforce is now moving on an upwards trendline parallel to a previous one.
At the same time, the trend is Bearish, which makes room for a Triangle formation.
Overall, it looks Bullish on the short-term, while keeping an eye on which side of the triangle it will break out.
By instinct, I would say upwards, but let's wait to have data before taking a decision.
Salesforce May Be OversoldSalesforce broke out in November. Now, after a period of consolidation, some traders may see potential for more upside in the software giant.
The first pattern on today’s chart is the March 2024 high of $318.71. CRM probed that level after the election and again in January. Prices have returned to it this week. Will old resistance become new support?
Second, the 100-day simple moving average (SMA) crossed above the 200-day SMA in late November and has approached the stock from below. Those signals may be consistent with a new uptrend that has potential for continuation.
Third, stochastics have dipped to an oversold condition. Investors may now watch for a crossover to signal a potential turn.
Finally, earnings are due after the closing bell on February 26.
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is SALESFORCE making a classic breakout and support testing?Salesforce CRM is looking very good.
It already had a retracement after a double top, broke out of the ATH and now is looking to test that zone again. In my opinion the price is a little bit high right now, so I would prefer to wait for it under the 312 dollars (hoping the support doesn't resists) but is a great addition to your portfolio nonetheless
Bearish on Salesforce. CRMA very nice confluence here as well. The most glaring is the green MIDAS line cross on the background of downgoing vWAP, US lines, which are above the candlesticks. Looking below, the picture adds more confidence in crossing of the midline for both VZO and Ehlers Stoch/RSI indicators. Price action alone is very bearish. Good luck out there.
$CRM Cup and handle neckline check backNYSE:CRM Checked back on the cup and handle neckline. If you are a bull, this is where you get in with a TIGHT STOP below the neckline.
The full measured move of this cup and handle breakout is the $450 area. If it breaks down below the neckline, a pullback to the $280 area is not impossible.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
crm looking ewwwe have a failed auction at resistance and now are testing the rising support here. unfortunately there is another technical issue that i cannot show you duo to me needing another chart, our long term trendline was broken on the failed auction and the retrace to 347 was a retest of the once support trendline as resistance.
we have another failed auction in the making if we cannot hold value and the 335 support we will test vwap most probably and lower vwap at 292 which are all decent support areas.
Salesforce: Wave b Top Established!On December 4, CRM peaked briefly, hitting a new record high at $378.16. Since then, the price has been unable to revisit this level, initiating a first downward impulse. Therefore, we now consider the prominent wave b top as established and are preparing for a significant sell-off, with extension targets below the $274 support. Thus, the still ongoing correction should continue.
Very long pattern on crm! This is a massive cup
And handle. This means you can’t expect it to play out quickly. But as you can see from the breakout it does move have momentum. So it’s active to about 500$. That’s a huge move. 40%! Capturing even a piece of this would be great for anyone! But keep in mind. Might be a better leap or even short term spread?
10% December slide for Salesforce (CRM)
Despite raised guidance, we see a 10% correction ahead for Salesforce. This doesn't mean it won't experience a next leg up. Near-term short opportunity! Wave 5 ending and overbought. The stock's rapid ascent may have led to overvaluation, making it susceptible to a pullback as investors take profits.
We see a 10% reversal to the $320 price range this December.
Keep your charts clean and easy to understand.
Your strategy should look for easy-to-identify repeating patterns.
Be alert.
Trade green.
Salesforce - $CRM - Set to FLYSalesforce is primed for a major move higher, and here’s why:
1️⃣ H5 Indicator is GREEN
2️⃣ Hasn't reach bull flag measured move yet
3️⃣ Massive 3-Year Cup-and-Handle Pattern Breakout with a retest. Now NYSE:CRM will move higher!
4️⃣ Wr% consolidation box is thriving
5⃣ All Time High Free Range 🐔
6⃣ Impressive FCF Growth: Driving higher margins and profitability. Intrinsic Value (Fair Value): $419 - 21% higher
🎯 $383 (Aug 2025)
📏 $502 (Before 2028)
Are you sold on this H5 Setup?
NFA
Salesforce 367.87 USD - high potentialSector software overflys the semiconductor sector in the last months.
Oracle still as one of the biggest market leader. But salesforcea (CRM) on track and very strong in second place relative to Oracle since 2020 and also since 2024.
Very impressive: company with very high earnings stability. Management top, Benioff CEO since years, knows business from beginning till now, apple background in early years, means high customer oriented. Now with wonderfull technical formation cup and handle, also top marks for potential small correction with afterwards high potential in the next few years.
Target 520 USD.
Dan, 5th of december.
SalesforceOne of the strongest title in the subindex Dow Jones US Software.
Stronger is only Oracle which is overrated. But main thing: Software subindex meanwhile stronger than semiconductor sector.
Salesforce now built also wonderfull cup and handle Formation, with very good correction conditions, maybe 10% but much more potential towards 520 USD
Strong buy at 367 USD
Dan, 5th of december
CRM's Post-Earnings Surge: What's Next? Dec. 5Trading Plan for CRM (Salesforce)
Technical Analysis & Price Action:
* Current Trend: CRM saw a significant gap-up post-earnings, hitting a high of $378 before retracing slightly. The price is holding above key levels, indicating strength.
* Support Levels: Immediate support at $367. Below this, look for $358 as the next key support. Stronger support resides at $334, the pre-gap consolidation zone.
* Resistance Levels: The primary resistance is $378, today's high. A breakout above this level could push CRM toward $385-$390.
Liquidity Zones & Order Blocks:
* Liquidity Zone: The $358-$367 range is critical, where buying interest remains strong. Watch this zone for potential re-entry.
* Order Block: The zone around $367-$370 shows signs of institutional interest. If CRM holds above $367, bullish momentum is likely to persist.
Scalping Gameplan:
1. Entry for Scalping:
* Long Entry: Above $378 on volume, targeting $380-$385.
* Short Entry: Below $367, targeting $360-$358.
2. Stop Loss: For long positions, set a stop-loss at $367; for shorts, set it above $370.
3. Exit Targets: For longs, partial profit at $380 and final exit near $385. For shorts, aim for $360 and reassess near $358.
Swing Trade Strategy:
* Bullish Setup: Enter long above $378 with a daily close confirmation, targeting $385-$390. Place stop-loss at $367.
* Bearish Setup: A break below $358 opens a swing short opportunity, targeting $350 and $334.
Suggestions & Projections:
* CRM has strong bullish momentum following its earnings release, but it is nearing overbought levels on intraday charts. A breakout above $378 could extend gains, but a failure to hold $367 may lead to a pullback.
* Monitor volume closely to validate the breakout or breakdown.
Thoughts:
* CRM offers an excellent scalping opportunity around the $367-$378 range. Swing traders should wait for a confirmed breakout or breakdown for cleaner entries.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and trade responsibly.
Enjoy long coffee with SalesforceFinally testing 266 it's now confirmed a complete cup and a handle. I would consider 263 as the handle's actual breakpoint, hence - now getting a cup of Cappuccino to see you at 393 - 399 (given depth of the cup :)))))). Even though there is a possible pullback on earnings day, long term patience pays off!
PS: I bought the dip earlier this summer at 218 as it was way oversold, and I looked fwd to the pattern to complete.
Salesforce (CRM): Decision Point ApproachingNYSE:CRM has risen higher than anticipated, but we are still holding on to our bearish scenario. Initially, we expected another leg down following the wick that we identified as wave ((a)), but the stock surprised us by pushing to a higher high, surpassing the levels of wave 1 and wave B at $348.86.
This move invalidated our first bearish scenario, activating our secondary outlook of a flat correction where wave ((b)) exceeds wave 1, which aligns with the current structure.
From here, our outlook is straightforward: if our bearish scenario holds, NYSE:CRM should drop below the wave ((a)) level, which is yet to be determined. However, if the stock rises above $360 and sustains trading at that level, the bearish outlook will be invalidated, requiring a complete re-charting of $CRM.
A decision point is approaching, and we will monitor the stock closely for further developments.
SALESFORCE $CRM | STRONG TREND UP TO EARNINGS Dec. 3rd, 2024SALESFORCE NYSE:CRM | STRONG TREND UP TO EARNINGS Dec. 3rd, 2024
BUY/LONG ZONE (GREEN): $338.75 - $400.00
DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $338.75
SELL/SHORT ZONE (RED): $250.00 - $250.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
1H: Bearish
NYSE:CRM releases earnings today, Tuesday Dec 3rd, after market close. Price ranges up to previous earnings on Aug 28th. This range finally breaks out and creates a bullish trend that has held strong leading up to today's earnings. High timeframes show bullish trend (my trend determining indicator), along with current chart trend bands (my channel/bands directional bands). ATM Straddles suggest the expected move to be around 7.25%, or $24.00 in either direction. This is on pace with it's average and historical earnings moves (previous 8 - 12 quarters).
My estimated moves:
Downside: ~$300
Upside: ~$360
(30-45 DTE)
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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