CRM trade ideas
$CRM - Day Trading the Overhead Volume GapWhile $CRM was in freefall we left a small volume gap overhead.
Given that we break the upper trendline around 262-263, we should make a quick trip up to 266 as we fill the gap above, allowing us to capture an easy 1.5% move.
Options will be extremely cheap tomorrow since it's Friday, making this the perfect day trade candidate.
$CRM - Good earnings yet slammed 10% to 200EMACRM had a good earnings report. Basically in line for revenue and positive surprise EPS. Yet the market still hammered it. Be weary of ERs going forward. You must have a homerun to gain in this market.
CRM post earnings Its gapping down below supporting trendline (Yellowline) after earnings.. I think the obivious first target would be the gap close at 260 (Green line) which is high likely to happen tomorrow.
After that we may see a dead cat bounce and then a final move lower to 250 where there is as you can see heavy price action that will act as strong support. 200sma (Gold line) is also in that area too
Salesforce.com Dips into Oversold Territory Before EarningsSalesforce.com is showing some potentially interesting patterns ahead of quarterly results tomorrow afternoon.
Notice how CRM’s decline in the last week brought the Dow Jones Industrial Average member under its 50-day simple moving average (SMA) for the first time since August.
Next, prices have revisited the $284.50 area where they peaked in August 2020 and September 2021. Will traders look for old resistance to become new support?
Third, the pullback dragged stochastics into an oversold condition.
Overall, earnings are always a period of uncertainty. But in this case, the pullback to some important levels may have offset some of the risk. That could be especially true considering CRM’s strong results on August 25 and increased revenue guidance on September 23.
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CRM Ready to Crash?CRM looks to have lost its bullish momentum. My guess is that it'll consolidate near the $312 resistance before ultimately falling to AT LEAST $287. My bold prediction is that it'll fall to $267 by Dec 10 and use the top of the gap as a support for a bounce but...Only Time Will Tell
Let's all buy a metric shit ton of $CRM and get rich.This is a chart of $CRM. The bars pattern is of $FTNT. You can do this with $ADBE and a number of other tech stocks as well. You'll probably notice $ADBE is leading, I'm betting $CRM will follow. Both will catch up to $FTNT.
The structure is ready, we've been drawing this bull flag forever. We've lost all hope in stocks. Biden flushed everyone out that is scared of a little tax bump but only poors worry about taxes... they sold the bottom. It's time.
CRM Bearish DivergenceBeen expecting CRM to fall for a week or so yet the price continued to slowly rise, but it seems as though the time has come. CRM has created a bearish divergence at an all time high and it may get ugly. CRM created a six dollar gap on this previous uptrend - look for CRM to fill that gap.
Aggressive Entry: $294.84 (look for rejection on a retest)
Conservative Entry: $289.32
Price Target One: $278.27
Price Target Two: $260.61
CRM Channel trade🐻Looking for a rejection off of resistance or 300$ today. Trendline support is at 296 , after that there's split channel support at 287 which is target 1.
Target 1 will be a tough area to short through as you can see the amount off touches and the 21ema is also in that area so look for a bounce there for a fall through to target 2
CRM in uptrend regression channelLooks like CRM could be in a uptrend regression channel.
If this is true, a possible price target might be 0.618 Fibonacci which is ~324$ or ~+10%
Stop loss: 269$ or -8.5%
==> risk/reward ratio a little bit better than 1:1 is not very tempting - so I don't recommend to enter the trade now.
If you're long already you might want to hold for more profit.
This is not financial advice.
CRM POTENTIAL 5 POINT MOVECRM is showing a potential break on the Daily Chart for a short 5 point move to 300.
The 1hr is already showing an entry with initial room to 295 first and if price breaks 295, it has room to 299-300.
Stop loss 289.50.
I like the consolidation back to the 21Ma on the daily chart and the weekly chart isn't bad either.
$CRM - Sky is the limitBreakout from 1-year long rounding bottom on 10/14 allowing for new ATH and has been consolidating for several trading days. Above 10/19 high of 295.53 is a good entry to go long.
CRM BearishCRM has been trending up since last week and now it looks as though investors are getting ready to take profits.
- Slow Stochastic is curving down at the top of channel
+ Slow Stochastic is at 97
+ RSI overbought
+ MACD shows slight slowing
+ gravestone Doji at the top of uptrend (bearish)
October 19 CRM started to trend downwards around mid-day, so momentum is slowing.
Price Target One: $284.54
Price Target Two: $275.44
SalesForce CRM short 15min monitor 5minSalesForce CRM short 15min monitor 5min
1:98
Looks good trade.
Lets monitor.
Small lot size
Disclaimer: just an idea
10/17/21 CRMSalesforce.com Inc. ( NYSE:CRM )
Sector: Technology services (Packaged Software)
Current Price: $291.66
Breakout price trigger: $284.50 (hold above)
Buy Zone (Top/Bottom Range): $289.80-$275.50
Price Target: $332.00-$335.90 (1st), $418.00-$422.00 (2nd)
Estimated Duration to Target: 110-117d (1st), 335-374d (2nd)
Contract of Interest: $CRM 1/21/22 300c, $CRM 1/20/23 400c
Trade price as of publish date: $12.50/cnt, $9.85/cnt
