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 -...
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...
Accuracy and consistency matter to develop trust that I will always
try my absolute best to give the best analysis and simplest trade setups
that I can. :)
- 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.
CRM is extremely overbought along with the rest of the market. CEO is wasting money on private concerts, though they do have the money to do that so kudos to them.
But mostly it's overbought and a pullback has to happen, might as well as ride it.
Salesforce Inc (CRM) broke above its Inverse Head and Shoulders (IH&S) pattern and by early next week should form a Golden Cross on the 1D time-frame. With the MACD just forming a Bullish Cross, we have all the confirmation we need to go heavily bullish on CRM and with the Support of the 1D MA100 (green trend-line) on the long-term, target the 0.618 Fibonacci...
As you might now, later that day CRM will publish their earnings. What is priced in in the options and what does that tell us?
IV, IM
- We have a very high Implied Volatility. The calculated Implied Move is 14.90 USD according to my data. Therefore the lower Zone is at ~148 and the upper zone is at ~178. This is a 9% move!
- Remember the Implied Volatility is...
CRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying.
Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation.
NVDA had a similar pattern and gapped up on its earnings release news.
Salesforce - 30d expiry - We look to Buy a break of 167.51 (stop at 158.51)
Short term momentum is bullish.
There is no clear indication that the upward move is coming to an end.
A break of the recent high at 167.24 should result in a further move higher.
The previous swing high is located at 166.03.
A clear break of 167.24 and we would look for further...
![CRM: CRM- Rising Trend Channel [MID TERM]](https://s3.tradingview.com/3/3TqUqseI_mid.png "CRM- Rising Trend Channel [MID TERM]")
![CRM: CRM - Breakout Falling Trend [MIDTERM]](https://s3.tradingview.com/i/iYrIRPbb_mid.png "CRM - Breakout Falling Trend [MIDTERM]")
