Nasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets.
NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so)....
EARNINGS WITH A RANK >70/IMPLIED >50:
CRM (81/52): Announces on Tuesday after market close. The pictured defined risk setup pays a greater than a one-third of the wing width 1.89 with break evens between the expected and one standard deevy.
ANF (68/86): Announces Thursday before market open. The Dec 21st 16 short straddle was paying 3.04 as of Friday close;...
CRM is a name in a long term uptrend I really like for a long, and the technicals are telling me a long signal may be coming up soon. But first, we're getting some pretty clear short signals that I fully intend to take advantage of.
CRM has been trending up in a long term channel and recently the lower support line has risen much sharper while the resistance...
CRM is nearing strong support at $150 and has recently bounced strongly 3% of of that support yesterday. CRM looks to have also created a steep bull run in the past year. Given the increase in momentum and no real concerns from analysts, CRM has a good chance at touching the top of it's channel come January at the $180 area. The January calls at strike $160 are...
#Salesforce is dominating the enterprise marketplace in #CRM and different sub business marketplaces. With just a gut-feel analysis (disregarding quantitative facts), I feel that this company has become a gold-standard in the marketplace.
Artificial Intelligence/Deep Learning Enabled 10 Day Ahead Predicted values for Salesforce.com - CRM have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models to extract hidden time series features in vast amounts of CRM related data.
We have chosen the stocks with the highest expected...
Spinning Top candlestick forming on the weekly. xSilas' Godmode and Stoch RSI both throwing up cautionary signs on almost every timeframe. Hanging out at the top of the Bollinger Bands and looking for a reversion.
Entry at $125. Stop set at $132 in case this thing defies all. Take profit at $109-$110, but may very well just hit Bollinger's mean and keep climbing...
daily chart showing price pullback to prior support-high r/r for bearish continuation with multiple test of resistance 89.3x
mid time frame showing bearish wedge breakdown-solid momentum breaking out of wedge
monitoring price action on lower time frame to see follow-thru
tech sector looking weaker also
--daily time frame is strong..rising MA's and adx is showing strength in uptrend
-intermediate timeframe showing strong uptrend with bulls in control on the steep impulse move and rising MA's
-looking for a shallow pullback to retest 91 support area and entry
-stop loss set at the intermediate term moving average
-reaching support on trendline for rsi in upward...
a long strategy on CRM
trend for sector and stock is long
I have underlined in yellow and purple some tendencies of this price
I added a pitchfork to follow the path of the stock
all explanation are into the chart
I'll enter step by step, following the trend
time is months till cash in (even in that case, I'll cash in step by step...)
this is a raw idea,...
CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down.
It also has a lot of insider selling recently. We think it has very good decline potential.
On the option side we would consider June $85.00 Puts, last traded for $5.00
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Adam & Eve...
Historically when CRM hits this level it drops a minimum of 5.23% and an average drop of 13.21%. Historical support is just south of 67.00 so my conservative play is a drop to at least 67.00. This is the third indicator this week signalling a drop in the very near term. Great PUT plays to be had.
For the second trading day in a row, another historical indicator points to continued decline for CRM. Historically when TSI breaks below this level, the stock drops at least 1.05%, with an average of 2.37%. There are two long term support trendlines and the nearest is around 65.30.
A conservative drop to around 65.75 within the next few weeks is my safer play....