CRM - Salesforce - Earnings Beat, Shares Down? $286 Retest?

Sep 4

We're currently watching the last stages down into this Ascending Wedge as we approach a very key and important load-up zone at the $227s. Looking for consolidation, bounce out wedge back north to retest those $287s.

CRM reported an earnings beat, guidance lower for Q3 than Street expects, but ultimately has been beatened down by the Rise of AI and it's incrouchment on Software Business Models with the Likes of a Customizable CRM. Their challenge will be continuing to leverage their Einstein AI which has brought a revolutionary approach to the CRM space in itself.

Sep 4

Trade active

CRM dropped in the open a little before showing a bounce after revealing news of key contracts with Pfizer and the U.S. Army, projecting $15 Billion in operating cash. Still looking for that consolidation point as our entry.

Sep 13

Note

CRM still looking for consolidation back to $227. Some PUTS to that price level would be beneficial to hold, or shorting while we wait for that $227 Support and rebound North. At that time, we'll be longing to HODL some long termies with various Calls over time to certain targets/profit captures along the way, back up to that $276.77 - $289.71 Prince Range, if not $294. So long as trends hold in place, that is.