Salesforce Daily Price Action CRM is currently attempting a reversal from its uptrend that started back in December / January. The head and shoulders that is developing is rather obvious, however it should noted that the left shoulder had much higher volume than the head; showing lack of buyers willing to participate. The right shoulder does have rather...
If you haven`t sold CRM here: or reentered here: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $8.75. If these options prove to be profitable prior to the earnings...
🔹Rising trend channel in the medium long term. 🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 207. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH |...
🔹Rising trend channel in the medium long term. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 490. 🔹Short-term trading range has been positively signaled by breaking a resistance level. 🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction. 🔹Technically positive for the medium long...
Entry: when price clears 225.00 Volume: with daily volume greater than 19.63M Target: 239 area Stop: Depending on your risk tolerance; 220.35 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
Salesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from...
Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11) The primary trend remains bullish. Broken out of the triangle formation to the upside. Previous resistance at 216 now becomes support. We look to buy dips. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. This...
CRM has been runnning a very long term Bullish reversal pattern If we take previous High of 306 as the base of Fib retracement then we are right at the golden fib pocket which is confirming a bullish reversal After last good earnings it made a high of 224 and then made a low of 205 . Right now its in kind of a accumulating mode where 205 is being tested...
If you haven`t sold CRM here: then Analyzing the options chain of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $9.05 If these options prove to be profitable prior to the earnings release, I would sell at least half of...
🔹CRM is in a rising trend channel in the medium long term. 🔹There is no resistance in the price chart and further rise is indicated. 🔹In case of a negative reaction, the stock has support at approximately 190. 🔹CRM is assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS -...
NYSE:CRM Weekly chart shows strong up trend, 50% Fibonacci level coming up
When you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up. Things to consider when looking at CRM chart: 1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and...
short term long.If pullback is supported by low volume long. IF the pullback will be followed by high volume short Salesforce (CRM) One of the biggest players in the cloud-based customer relationship management (CRM) domain, Salesforce (CRM) provides solutions to bring companies and customers together through its platform. Beginning in a San Francisco apartment...
Salesforce - 30d expiry - We look to Buy at 192.32 (stop at 184.98) The primary trend remains bullish. Price action has formed a bullish ascending triangle formation. Trend line support is located at 192. The bias is to break to the upside. Trading close to the psychological 200 level. A break of bespoke resistance at 200, and the move higher is already...
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- CRM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - CRM has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 177. - Further rise to 233 or more is signaled. - CRM is approaching's resistance at 192, which may give a negative...
Updated lines from previous mention. Pattern is looking to take shape. Let's see how it plays out. This is a bullish pattern, but should drop to or below 165.
Looks like we have a nice descending broadening wedge formation. We are more then likely heading down within the pattern, around 165. Note this is a bullish pattern but we shouldn't break new highs until we hit these lows. Not financial advice. Always do your DD.