CRM back to fib resistance. The chart is pretty self explanatory, 265.5 area is current resistance spot, 255.5 support. POC Low 240's. Use the Fibs as zones rather than wait for price to hit the exact levels.
FOO trade ideas
Salesforce Potential Resistance Breakout At $265.94 27.08.2024Apply risk management
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Disclaimer
Ichimoku Watch: Salesforce Poised to Breakout Higher?Upcoming Earnings
Salesforce, Inc. (ticker: CRM) is scheduled to report earnings after the market closes on 28 August. The consensus earnings per share (EPS) estimate for the fiscal quarter ending July 2024 is $1.73. The reported EPS for the same quarter a year prior was $1.63.
Vulnerable Resistance?
Resistance is currently being tested at US$263.42 but shows signs of giving way.
While a head-and-shoulders top pattern was recently completed at the underside of the aforementioned resistance (this is more visible on the H1 chart), which could see short-term shorts enter the market and aim at the pattern’s profit objective of around US$253.63, sellers have been unwilling to demonstrate much commitment at resistance in recent trading.
Ichimoku Support
You can see price action closed above the Ichimoku Indicator’s Conversion Line (blue at US$260.27) as well as the Base Line (red at US$260.19), and the Ichimoku Cloud is seen nearby. This comprises the Leading Span B (light orange at US$251.40) and the Leading Span A (light green at US$260.33). As a result, the stock has sufficient support to withstand selling. Should a breakout to the upside occur, this could trigger breakout buy-stops and power a move towards the next layer of resistance coming in at US$279.28.
Price Direction
Although sellers may enter the market from current resistance, the nearby Ichimoku support and the lack of bearishness could eventually stir up a bullish move to target fresh resistance at US$279.28.
CRM 17 percent upsideEntry at 270 when it closes a daily candle above 270
TP @ 317 ( 17% profit)
Stop loss @ 230 (15% loss)
Closed above 50 day MA
and above 270 it will be closing above 200 EMA
so set your alarms
CRM . US Stock245 below weak
240/235/231/227 can test soon
support & trendline breakdown possible
227 below will review target again
$CRM 300c exp Jan 2025 is a low-risk bullish trade.Morgan Stanley's note on NYSE:CRM : Weak bookings in Q1 further test investor patience as the GenAI innovation cycle has yet to inflect top-line results and now increasingly becomes a point of competitive concern. However, the multiple does not reflect any GenAI expectations and actually under prices core EPS growth.
CRM Wedge Pattern
Wedge pattern coming to a close by the end of this trading week July 29. If it breaks up, +293 is target. Downside 216. Watching closely.
CRM - 2 Scenarios hereBounced back from the earnings gap down and filled the gap.
Now it’s pulling back for a retracement.
Downside target from this retrace - 260
If it breaks, Target - 200-190
If it holds , Target - 297-300
$CRM sending warning shot wop wop wopNYSE:CRM is showing positive signs in the area where it is sold, aiming to go back up, maybe even higher. Longer-term buy signal! Relative Strength Index (RSI): The RSI is 50.98, which is bullish. The MACD is 0.72. The ADX is 17.77, which is a buy signal
What do you think?
Gray clouds for GrowthStocks without AIHello Trader,
The cloud enterprise sector is starting to anticipate a number of gray clouds and it is starting to look like there are several companies favored to get their act together or fall off the AI Boom list.
The Cloud services industry includes giants such as:
- Salesforce(NASDAQ:CRM)
- MongoDB(NASDAQ:MDB)
- WorkDay(NASDAQ:WDAY)
With BVP Nasdaq experiencing a 10% correction this year, and the reason is the transition of GrowthStocks to Mature - consolidated companies and that makes them miss their own current sector trend. In addition to this, native AI companies are putting these giants in trouble.
Do you think it might be the right time to invest in any of these three?
Please, I look forward to your comments! Happy week end.
Ion Jauregui - Analyst ActivTrades
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$CRMNYSE:CRM another software stock setting up, building nice consolidation. I see this one breaking out before NASDAQ:ZS , this week or next week at latest
CRM - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
CRM - Continuation of the Downtrend CycleThe alignment and compaction of Fiboclouds signal the continuation of the downward movement.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach more people! Thank you!
Breaking trendline I think from this point the stock can go higher as it is bouncing from weekly trend
And negative pressures have been removed and there is a lot of inside her mind
Salesforce BullsSalesforce bulls have stepped in here.
Fibonacci Confluence at the 0.382 and the 0.5 Fibonacci Speedfan.
Bounce off a monthly horizontal support level. Bull stepped in and we were able to get a bullish hammer candle.
Bulls back to take control from here? I suspect sideways consolidation before a move back up towards the path of $400+
CRM Bull Put SpreadThis was a Bullish direction position put on after that massive 21% Sell Off post earnings.
Expected a bounce after that drastic collapse.
Currently this is set to make $119, which will make up for the $75 loss on this Call Condor position:
Put legs: -195 +190
Expires Jul 19th
$111.48 (post fees) made on $888.52 allocated or 12.55% gain on capital invested
A RARE OPPORTUNITYSalesforce is the largest CRM software provider with a presence in over 100 countries and they power some of the largest companies globally. Fundamentally, Salesforce is a strong company, and historical financial statements are more than enough evidence for continued growth into the future.
Thursday's sell-off was an over-reaction of the market and it provided us with an opportunity to buy into the company. Technically, the share price was too risky, and a double-top profit-taking signal was bound to be triggered.
The abnormal sell-off provided us with a RARE opportunity to buy Salesforce stocks at an attractive discount. If the price breaks the shoulder line, we will add to our holdings, if the price recovers to $300, we will offload 50% of the position and let the remaining 50% run for dividends accumulation and capital gains.
$CRMNot financial advice.
NYSE:CRM
weekly candle chart entering a common A, B, C correction.
Gaps to be filled in purple boxes.
will see what time says.
Like and follow for more ideas.
CRM Bullish Signal Bearish SentimentCRM recently posted their Earnings but had a huge over reaction and fell down almost 20%
in a long term chart you can see a clear formation of cup and handle which is a very bullish pattern for a long term horizon
CRM has strong fundamentals
Right now CRM is in bearish trend can fall up to 200 but this is where the opportunity arises
Start accumulating at current prices until 200 drop
STOP LOSS @ 195
Entry @ now until 200 drop
TP would be amazing as it will bounce back to its previous top of 315
CRM: Sell ideaSell idea on CRM as you see on the chart afetr the breakout with force the vwap and the support line by a big red candle follow by a large red volume.Thanks!
Strategic Entry Point for CRM: Tight Risk, High Reward PotentialOuch, that was a nasty blow for all the CRM bulls. Now the question arises: What's next? A look at the volume profile, from the December 2022 low to the March 2024 high, shows that the price has stopped exactly at the POC of this trading range - and exactly so. This is certainly no coincidence. This offers a good chance for a long entry. Although no one can say with certainty that prices will start rising again immediately, the area where the CRM stock is now allows us to tightly limit our risk and fully capitalize on the potential upside.
CRM DCM
Insider buying is happening cautiously
Buy with 1 percent risk and double that risk doing DCM in 210-200 Zone.
Entry at Current Market Price
SL @ 196
