1. Salesforce is set to soar after Elliot Management took a stake. 2. Even before that, the stock was already forming a falling wedge pattern on the daily chart. 3. Salesforce RSI was also forming a bullish divergence pattern.
After a half-decade of fast hiring and large acquisitions, Salesforce is trying to cut costs and better integrate the companies it has purchased. The 8 000 jobs cut announced on Wednesday is a step forward, but it won`t be enough to stop the downtrend. The expectations are for the downtrend to continue and to reach the $ 115 major support level Risk Disclosure:...
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for Salesforce, Inc (CRM). The CRM price chart is self-explanatory. I posted about this stock in December 2021 and since that point, the price is down about 54%. It's not out of the water just yet as price has a possibility to head lower. There is a strong trend line where...
Hello friends, today I am completing a technical analysis on the 1M linear scale chart for Salesforce.com ( CRM ), traded on the NYSE. #CryptoPickk notes the following: 1) Salesforce.com price has been falling month over month, down about 20% from it's all time high price. 2) The price has been supported by a multi-year arc line (in red color). In the past year,...
The Dow has to make a new ATH and to do it these stocks have to join the party. Unemployment rate climbs as DOW makes ATH, then rate cuts will cut the DOW in half over next year.
CRM is complete a big contracting reverse triangle , wave C is a zigzag , and wave c of this zigzag is a terminal at this levels i prefer to be a buyer for long time
Salesforce - 30d expiry - We look to Sell at 164.77 (stop at 172.51) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 166.59 has been pivotal. 166 continues to hold back the bulls. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets...
Salesforce, Inc. is a San Francisco, California-based software company with a $150.2 billion market capitalization. The company delivered a -40.86% return since the beginning of the year, while its 12-month returns are down by -44.84%. Despite the announcement that the company will execute its first-ever share buyback program and the plans to lift the prices that...
End of flat, Exit C pre confirmed. Ready to bet on a rise. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are...
Althogh NASDAQ100 is up more than 5% this week, it is still down 23% YTD..! and 25% down from its all-time high..! But detecting these symmetrical mirror view move helped me and my follower to capitalize on them nicely..! Some examples: (I did not publish any of these posts publicly) QQQ: Sep 5th, TSLA: Sep 6th SOXL: Sep 6th NVDA: Sep 7th ...
Salesforce's second-quarter results topped Wall Street expectations, but the downtrend is more likely to continue due to the worsening of the business outlook. inflation and slowing U.S. growth are some of the main reasons for the company cut its revenue forecast The next price target is located at the $ 150 support level. Risk Disclosure: Trading Foreign...
Looking at the CRM Salesforce options chain, i would buy the $175 strike price Puts with 2022-8-26 expiration date for about $5.25 premium. Looking forward to read your opinion about it.
Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – consistent growth for the past 10 years, 26% annual growth 5-year average Profits – significant drop from 2021 Net margin – quite low with 3.59% for tech company P/E – extremely high at 188 compared to S&P500 with 21 and...
Salesforce Short Term We look to Sell at 190.76 (stop at 198.93) The medium term bias remains bearish. Bespoke resistance is located at 191.00. Trading within a Bearish Channel formation. We look for losses to be extended today. Our profit targets will be 169.86 and 158.00 Resistance: 191.00 / 224.00 / 260.00 Support: 168.00 / 140.00 / 115.00 Disclaimer –...
This bottoming pattern shows retests of the lows and how, over time, the lows of the retests start to rise. This tends to be a footprint of Dark Pools quietly accumulating over time. CRM has recently added Artificial Intelligence to its software to promote and sell more of its customer management software solutions to mid-sized businesses.
Really don't see how you can fade this chart rn, vastly similar to $NOW.
Earnings somehow surprised wall street with a mixed Q1. The PE of 175 is a bargain compared to competitor NOW, likely more of relief rally. Near-term overbought on couple indicators