CRM - SALESFORCE - SHORT SETUP USING PUTSMETHOD: Short SALESFORCE {price at entry 156.40} via : +2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money. STRATEGIES: Using CRM day chart : The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short. The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price. TACTICS: The plan in terms of stock price : STOP is price > 160 TGT1 153 scale; TGT2 148.75 to exit Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose. Will update in comments, B3 d^.^bShortby HammondB3Updated 5
$CRM Bearish pattern targeting 151.8-145.5 Showing identical topCRM dropped almost 5% from recent top (166.3) to (154.5) But still showing more weakness with indicators suggested further decline to 151.8 then bounce or continue drop to 145.5 (correction by 10%) then starts brand new uptrend from there but for now remain bearish targeting new support . Best short entry from 161Shortby WinnerTrader99Updated 223
CRM on strong resistance but watch out for earnings report!SHORT - CRM SL: 166.46 (Suggested by our algorithmic system) TP: 156.15 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bearish divergence on OBV, Accumulation/Distribution and MACD 2. Price on strong resistance level CAUTION: Earning report is due in a few days! ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Purple Vertical Line: Suggested Stoploss by our algorithmic system Green Vertical Line: Suggested Stoploss by our algorithmic system Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly and good luck!Shortby TradeDayOnlineUpdated 9
Salesforce uncertainty pre earnings Earnings approach tomorrow in what is a very poor start to the month in the markets, CRM carries a lot of weight into those earnings with the lofty P/E ratio and investors may very well question the CEO's quest for morals over profit. All very well if you can afford it. The stock has rolled over recently having failed to take out the old time high, a break to highs is a much better region to look for entry rather than this level between resistance and support. Company profile salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA. by Bullishcharts29
Saleforce CRM3/12/19 Earning Target: Gap Down (Put) Reasons: 1- touch zone resistance(very strong) 2-base on history, will gap down before start New Year Shortby amirsyazwanmohamad6
bearish sharkBouncing off the 1.13 extension today and not able to recover high despite higher high in S&P. Target 151. Clear divergence present...Shortby chinawildmanUpdated 117
Catch up trade, Long CRMCRMback were it was beginning of the year, maybe it will perform this quarter and break to the upsideLongby elmorshedyUpdated 3
CRM - New ATH comingCRM - Weekly chart here. That's a nice breakout. I somehow missed it. Cloud stocks are showing nice reversals. Breaking 160 will confirm the trend to new ATH. NYSE:CRMby FlamingoCharts6
CRMHi Traders, I'd like to introduce the System T, a computerized system that analyzed and back-tested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances result in the bottom will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk Reward 2:1, 20 Years of Backtesting Data. * Click Like and Follow to Support My Work! DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose. Longby System_TUpdated 7
CRM to bounce off from supportI identified an opportunity in the slowly falling channel. The candle is currently located near support, and has a high chance to bounce. The market started off pretty good as bull dominates the market. I entered into the position to test the idea. The RSI is a bit higher compare to previous candle located at support. #realtradeLongby RiskRewardRatio5
Descending triangle, bearishDescending triangle, bearish, could break down in a couple of days. Thoughts?Shortby dncla5
Option Traders bet big on Salesforce.The cloud stocks have all fallen out of favour as a result of what is considered high valuations, there has been a obvious rotation inot value rather than growth, CRM has been hit like all others. Despite this todays action in the options markets are extremely bullish with enormous call options traded with a $170 strike price. Technically the chart is hitting heavy resistance, with convergence of Fib and downtrend resistance. Indicators are bullish but a high volume trading session is needed to break the aforementioned resistance level. Good R/R trade entry level $157.50 Target price $170 Average price target $187 Very achievable by year end, if the cloud stocks get their mojo back. P/e ratio 128 - Very high but historically it has been forgiven Company profile Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA. Longby Bullishcharts16
CRM: Short Term Buy9/20/19 - CRM repeatedly unable to break ATH of $165 - Supported with long base and Elliot Wave above 0% - Recently bottomed out in up channel toward $163 - Trend on daily remains strong, supporting upward price movementby WBG202
Salesforce - CRM bullish long term I’ve built positions in the green boxes, will add upon breakout and will take partial profit at $200 / share. Longby chartsareforshipsUpdated 7
Salesforce failed swingLooks like a failed swing pattern for Salesforce. Placed my stop sell order, waiting for the dip to occur.Shortby PumpcatUpdated 4