CRM trade ideas
CRM FALLING WEDGE RSI AND MACD DIVERGENCECRM has been falling for a while from bad news. Bears have failed to follow through on a bear break the last week and RSI is rising against the stock trend. I'm looking for a break above this downward trend line and a secondary break of 220 resistance.
CRM just plain bullishIn the reversal zone. Should be a strong bounce to start off the next uptrend.
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CRM Technical Analysis 🧙Salesforce.com provides enterprise cloud computing solutions, including Sales Cloud, the company’s main customer relationship management software-as-a-service product. Salesforce.com also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
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BUY $CRM - NRPicks Ene 17Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as a field service solution.
Fundamental:
- 26% below its fair value
- P/E 54.6x vs 58.7 Industry
- P/B 4.9x vs 9.6x Industry
Technical:
- RSI below 30
- Support at $210.60
- 3% below MA 200
CRM LongIt should hold this level for few days or weeks to build a strong support. Falling below this level is a negative sign and then it should fall out to 189-192. I expect it to hold this level for consolidations.
$CRM Only way is upStoch oversold. Its pretty much consolidated at 213-215 area. Once it breaks the trendline, it will skyrocket. But seriously, CRM needs some love.
CRM - Looking to Snipe a Move at the 210210 support meeting with 200 SMA. Good spot at bottom of wedge channel to get some calls.
crm is a major buy. undervalued. it has been in a downtrend consolidation since after earnings. the rsi is near oversold, the bands are tightnening and the Macd has bullishly diverged. the descending wedge just adds to this. will continue adding to my 250 calls jan 2022. perhaps ill add a leg of 250C June 2021.
CRM LongEMA50/EMA200 as support zone
Demand Zone (Rally based Rally)
Measuring Gap Filled (consolidation)
Trendline break and revisit
Possible double bottom
Entry 220
stop 200
Target 260
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
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CRM - Finally Time - Triple Support Bounce to start Wave VThis is a triple support level Wave IV bounce from a falling wedge with bullish divergence. Play is invalidated if the trend line is broken.
Upside PT is 300+. 3/19/21 300c is less than $90 to play.
It's time for this ticker to recover and pay up.
$CRM Bullish Flag
Bullish flag formation intact and steadily reproaching our 200 MA. Might look to make a move on this if volume starts to pickup with a breakout and re-test through our top line (Blue) is observed.
$CRM - Short term targeting 230+ in the coming week!$CRM - Short term targeting 230+ in the coming week! Stops below 215.6
CRM - A Story of GapsCRM filled its gap lower and has been stuck there in under-performance mode. But I think it is now time to fill the gap above, around 135.
For the trade I bought a Jan22nd 230c Sold the Jan15th 235 and 240 calls and bought the Jan15 250c. Paid 1.26.
CRM - finally ready to move.CRM is the new MSFT (and MSFT is still the same trustworthy MSFT). Salesforce looks to have filled its earlier earnings gap up. I don't expect a wild gap up recovery from this at all, but instead a steady and healthy climb back to 250 by Mid Feb. If that seems too aggressive, $250C May 21 2021 is also pretty cheap.
What makes me nervous is that CRM should have broken out of the descending wedge by now if it was going to go up. When I see patterns like this where the stock hasn't broken out, I get really nervous about a 3-5% drop.
