CRM trade ideas
#salesforce $CRM #weekendchartreading Forming H&S top patternLower top in place,
H&S pattern with neckline at 182,
holding on the sliding parallel of upsloper,
Cup and Handle Falling from Rising WedgeEarnings 8-27 AMC Long only after descent from rising wedge pattern is complete
A stock can fall the entire width of the wedge, but I have noticed most do not fall the complete width as of late. Every stock is different
Stop is under handle low
Looks like the stock has started descent from the rising wedge it traveled in from the bottom Like so many stocks in the tech sector have been in for quite a while.
I rarely saw this pattern before the crash, but there have been plenty since then. Rising wedges are usually bearish. Falling wedges can be bullish if the stock breaks up and out and can signal a reversal..ie HSY was in a falling wedge
The stock is close to the handle low at this point and perhaps it will turn back up there..but remains to be seen
Not a recommendation
Good luck!
The Salesforce is not with you...Textbook head and shoulders, plus some weak volume area as our price target. I like the idea of puts on this, but it moves so slow.
10-day MA bounceCRM had some surprising volume 6/25 near close.
currently sitting on its 10-day MA.
CRM will also form a breakout if it could gain 4 more % which is around $196.
CRM Potential Long SetupReclaimed uptrend, holding above critical moving averages. Indicators are showing a reversal.
6th best company to work for- employee satisfactionJust heard about this company and it looks good to continue its uptrend , has a lot of potential for long term .
Had a quick look at the one day and its good to enter now at 186.23
Voted as number 6 in the Fortune top companies to work for in 2020 . Defo worth a bag since happy employees convert into happy balance sheet.
Levels on chart..
CRM Pullback Area to BuyLong term like to see a retracement here in order to continue up. Between the fibs looks like a decent stopping point to re-accumulate.
(EN) Salesforce Textbook Post-Weekly Shooting StarLook at that, a day has passed and the uptrend settles high following a weekly shooting star. Time to consider the outcome.
Some markets are still profitable. Technology and remote stocks will thrive in this stormy water.
NASDAQ continues chugging upwards into the holiday, however perhaps we are nearing another state of euphoria.
Please share your thoughts about Salesforce. I implore you to share your market sentiment.
TLDR: This good stock. This stock go up. Me buy more rock and club.
$CRM #Salesforce $SPY Mapping on the 2H timeframeIf below < 195 I expect a move down to the sliding parallel (near the lower parallel) in the upsloper ;
6 higher highs in current uptrend
The CRM - Salesforce.com share is trading above 98 bars high NYSE:CRM The CRM - Salesforce.com share is trading above 98 bars high around $195.72.
It show a bullish signal.
Prediction price target around $210.96
CRM - 20% gains could come in as little as 2 weeksCRM is in a long-term uptrend; most recently it has formed a multi-month rising channel within a much bigger, 16 year old one. BLUE ascending triangle breakout targets 240; on July 24, the upper resistance lines of both these rising channels intersect slightly above that price point. Even if CRM doesn't get there by that day, I'm very confident it will reach the target in the next few months. And eventually go past it.
Full disclosure: long CRM at 3% of total assets.
keep it or double your investment !This market will continue to rise in the coming days, I advise you to keep it , and you can buy more !
$CRMI would like see the current high 196 taken out before i enter into a trade.
The rectangle above the cup has to be broken as resistance is felt in that area.
The stock is above 200 EMA and 50 EMA is above 200 EMA
so even at 196-198 levels a good $40 move very much possible with stop loss being the lower rectangle around 182 184 levels.
Also waiting for Stochastic RSi to turn upside for a better conformation with a red to green bar.
CRM - Short-Term PutNothing new with the long-term mindset. Our calls back in the beginning of the month have come quite far.
Look for CRM to dip down to the 180 support.
We've got a trend line dating back to March 16 that should help us gauge if a new trend is forming.
We're at ATH so wouldn't be surprised if it does break the trend line and hover in the 180 to 195 area.
Still super bullish on Marc and the Salesforce team.
Cup & HandleCRM is so close to breakout and yet so far!
Hypothetical trade....
Entry over prior high which is 195.85 (stock in overbought in daily time frame)
Stop below 188
Target 1: 245 to 260
Target 2: 300 to 325
This is not one I would jump in early on (o:
CRM to hit the ATH!Hi again. Going long CRM at 187.27 with a target of 196.00. Good looking formation!
