CRM trade ideas
CRM IdeaLooking for these to break 3bottom or 3 tops.
It is sitting on a support area right now
and I think there’s a lot of buyers sitting in 205-208 area. But if market is weak we will see this dump to 200 area.
If market is ready for a rally once again after taking a breather, we could potentially see this break the resistance over 221 and create demand there for investors who missed the boat.
What's your idea?
Holding 50 MA & RSI Bullish Divergence CRM is holding 50 MA and RSI is also showing strong bullish divergence. So we could see CRM above $220.
$CRM good long term buy here $CRM is looking like a pretty tremendous value here and is coming off its bottom trend.
Falling Wedge- Watching CloselyCRM holding quite a big falling wedge here on its daily chart after closing Friday reclaiming the 50-Day SMA. CRM is currently sitting on its 50-Day SMA as well as the .786 FIB level, which also happens to fall right on a major RSI-Based Supply level. CRM additionally has multiple gaps on the upside to fill. Bullish on CRM long-term and will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets Attached Below
- Buyer volume picking up relative to seller volume
- Reclaimed the 50-Day SMA
- Falling Wedge
- Gap Fill on the Upside circa $238.87-$243.22
PT1- $212.74
PT2- $214.68
PT3- $217.10
PT4- $219.52+
Bold prediction in CRM . CRM bull run ending by bigening of 2024it's a bold prediction on CRM. if we continue bull run on indexes CRM bull is starting 3rd of 5th wave. I'm predicting CRM bull run will end by the beginning of 2024
$CRM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CRM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
big breakout on the dailyi dont love the starting point of this downtrend but the 2 year chart is pretty ugly
PE still very elevated but a buy on a technical level
CRM - Adam & Eve reversalThis recent rebound in CRM could have momentum for a sustainable swing up with a confluence of the following technical factors:
1. mini Adam & Even bullish pattern locking in the near term bottom
2. Tested a longer term support zone (apparent on weekly chart)
3. Formation of a strong bullish engulfing weekly candle
4. Good RSI strength (>50)
Theoretical swing target of between 240-248 (gap fill). Will we get there?
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
CRM monthlyCRM, good company with positive cash flow growing, leader in the industry.
In a daily demand zone and a retracement + an interesting moving average on monthly.
Potential buy.
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SALESFORCE: In love with channels As you can see, salesforce really has a preference for channels. Breakouts almost always led to a strong upward movement. Here, too, hopefully.
I would be happy to get feedback.
Updates on ideas will follow.
SALESFORCE - Monthly Demand ContactedNYSE:CRM
CRM has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
CRM has the potential to rocket with institution demand coming into play. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
Buy after the earning resultThis stock has fallen more than 40% from its peak but has since recovered quite well in the last 2 trading days. Notice there is a very nice bullish engulfing candle , a possible reversal signal ahead.
I expect the earning results to be better than analysts expectation and the rally continue to close the gap to 243.30.
$CRM clear bottom: ATH incoming Hi all,
After the correction and retracement of the last weeks, i notice a nice bottom developing where:
- 200 SMA on the weekly chart tested
- bottom of historically trendline
- oversold conditions on indicators as DRSI
- fibonacci on 0.
ofcourse nobody can predict the future, but with that said, i see a potential all time high on the horizon.
Pull Back FishingCRM has a rising wedge, to the left, that consists of a bottom trendline that has not been broken. Rising, narrowing wedges are not valid until the bottom trendline is broken. Unfortunately, I have not seen one that was not broken eventually. Look to the far left.
This is looking like it will go under 190. But who knows?
Price is at the 100% mark from a fall from an ugly top. Price can fall less or more than 100% from an ugly top. There are some bottoms that looked sturdy that have not held and may not hold. CRM has surpassed most of them.
My next alert is at 191.
No recommendation.
CRM at 200 WMA for the first time since pandemicCRM at 200 WMA for the first time since March 2020. With CRM due to report earnings next week, this zone may attract buying interest.
Time to Buy?Price is coming back to a nice level of past support ! I am considering to buy 1/3 or 1/2 position at that level ! The stock has lost 1/3 of its value from its peak and I believe this is a great company! If price goes through the support I will probably add more a the next lower support as indicated by the the trend line and the green arrow
CRM SCALPSomething to consider on CRM $200 is known as a psych level , I say $203 but hoenstly could reach $205
Also Watch MSFT
Will be paying close attention to earnings. (SETUP)Salesforce reported solid revenue growth, including accelerated growth in the company’s largest and most mature product, Sales Cloud. However, shares underperformed due to unexpected weakness in the company’s MuleSoft application integration business that we believe is attributable to temporary missteps in the company’s selling efforts. The company also provided slightly weak guidance for billed but not earned business growth. In our experience, this metric can be influenced by timing issues and is often not fully representative of underlying demand for the company’s offerings.
Buy $CRM - NRPicks 04 FebSalesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud, Service Cloud, Marketing Cloud and Commerce Cloud.
Revenue TTM 24.9B
Net Income TTM 1.7B
EBITDA TTM 3.4B
Debt/EBITDA TTM 3.11x
