Buy CRMER play - CRM looks good to me to add now and until 197 for target of 210,215 ++ , Stoploss i will place near 192 on closing basis..
CRM trade ideas
CRM SnapbackCRM has had a huge surge after earnings, it didn't quite follow thru the next day. It is overextended beyond normal levels and overbought on stochastics. I'm looking for a necessary pullback here to the $250 level, which is the level it gapped up to after earnings.
BUY 1 VERTICAL CRM 100 18 SEP 20 270/280 CALL @4.80 LMTStrength into close on Salesforce led to taking this bullish position. The original strategy was to sell a put spread but the credit ran away from me so I paid for exposure on the call side.
SALESFORCE : Swing, 100% Price ActionNYSE:CRM : Follow the uptrend . #UniversTrader
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I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
Salesforce - unbelievable rise, defies gravity, software FTWSalesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that.
Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point I am just totally impressed.
The Regression trend on the chart is meant to show how big the pop was as it spiked to all-time highs after beating earnings and being added to the Dow. It's the first cloud stock to enter the Dow. That alone says a lot.
Anyways, I am not long and don't plan on buying at any time soon. But, kudos to the team as they have proven me wrong. That's for sure.
$CRM Salesforce $279 Target
Having missed the pop post earnings, the next long entry will be above
the Fibonacci resistance at $248.00.
It could possibly set up a run to $276-$279.
Earnings were a huge beat and blow past all estimates.
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SalesForce(CRM) since 2012-2020As shown in the diagram. I don't think a breakout from the 8 years range is possible, so I think it's extremely like that we are going to see some fall after the earning jump. TP 175 in the long term (MA 50), but I am eyeing 220.
CRMBroke monthly and stayed above it. also retested 3 times + as support. I am jumping into a call for $250. Please choose your own exp date. #LetsMakeMoneyTogether #PIpShark
Salesforce earnings playlove the stock but all reports are a usually a bust , looking to get both calls & puts
CRM Analysis Multi Time Frame Analysis
Risky setup due to ER on Tuesday but looking for 217.60 by EOW
CRM 8/25 ERKeep CRM on your Watchlist as it is nearing it's current ATH @207.79. Breaking over and we'll continue to push to 210's
On the downside rejecting 207.79 and we'll pull back down to 202.09 then onto the support trend line that has been holding since April.
Do keep note that CRM has an ER coming up on the 8/25
CRM - 10.18% Potential Profit - Uptrend CorridorStrong level of support, confirmed multiple times over the past 5 months in an uptrend corridor.
Price bouncing on the support line.
- Historical Uptrend
- RSI + Stoch (NA)
- MACD (NA)
Suggested Entry $193.73
Suggested Stop Loss $214.69
Target price $189.47
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
CRM higher Highs Higher Lows LONG BUYResistance break or support Breakdown.
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Salesforce on TL support - expected move towards $205 next weekBased on the chart analysis, Salesforce is at support line in upward moving trend.
Expecting it to reach $205 by next week.
SL break of support line
Salesforce.com Holds Trend as Earnings ApproachCloud computing has been one of the strongest growth trends in the market this year, and now one of the most important names has pulled back to some interesting levels.
Salesforce.com has followed an upward-sloping trend line since early June, making successively higher highs and higher lows. The two most recent peaks were all-time highs above its pre-crash records. Now it’s pulled back to that trend line.
Second, the current low is very close to the $195.72 level where CRM topped out in February. Has old resistance become new support?
Overall, this is a pretty conventional trend-following setup. It resembles Netflix on June 30 , pulling back to an old high and trend line before earnings. CRM reports on August 25.
CRM: Double Bottoms Galore!The number of double bottoms on this bullish uptrend has been insane! Hoping to capture the neckline retest around $195.50 with a stop loss at $190.35.
CRM - 4.91% Potential Profit - Bullish PennantI would wait for the pennant to fully break out and eventually re-test, before placing an order.
- Historical uptrend.
- RSI + Stoch well above 50.
- MACD above Signal.
Target price $205.00
Suggested Entry $196.60
Suggested Stop Loss $192.20
