CRM is setting up for a huge breakout. RSI & MACD are looking strong. Anticipating a gap and go over resistance tomorrow provided the FED doesn't tank the market today.
- Clean descending trendline breakout on increased volume! PEG Candle formed on shorter time frames due to great earnings beat. - At POC Volume shelf. - MACD crossing. Will scout for an entry on the retest and/or when the MA's catch up.
SalesForce (CRM),D1: Mirror level + Bollinger bands + Spinning Top + Dragonfly Doji + Oversold + Discount.
Flag pattern breakout with strong master candle, volume spike indicates that CRM is ready to touch 275-280 zone.
Watching CRM for a break on a very long falling channel. Believe we can see 270 soon. Entered a starter position today with 4/16 270/310 spread, planning on going in deeper with confirmation give it a watch. #flextradinggroup
$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with...
$CRM has been in a strong and healthy uptrend since April, gapped up in August and hit all time high $284.5. The stock pulled back and filled the gap down and is currently at support level and had formed a pin bar on that level with decent volume. Currently looking out for a possible bounce at this support level and then open position for a nice swing play with...
CRM seems to already found the bottom. It is right at the trend line support for more upside. Looking for entry above 227 if it can hold above 227 in this week. SL under 223. Trade idea: Jan 15 240C @2.6
Salesforce has yet to fill the gap caused by the Slack buyout news. My original plan was to play the breakout at 229, but the recent dip has turned that into a short term profit target with a break of 223. Swing traders can buy now and aim for 223 on a medium or long term timeframe.
Why so bearish on the slack acquistion? I see this as a huge sell the news and sell the "oh they could have built their own, or bought someone cheaper". Sure they could have but they didnt. So time to move on and explore what they are going to build with Slack now. Buy support. sell Resistance. Why stress about anything else?
Salesforce took a pretty big hit after announcing the WORK (slack) buyout. It's clear the price has stabilized and is looking to climb again. My favourite ETF, ARKK has also purchased a bunch of CRM at this bargain price. I'm looking to takes calls or buy shares when the price closes above the 229.6 region, which seems to be where the accumulation wall is. I'm...
💻 CRM ☁️ Current Price @270.49 Nice pump and pullback last week. Key support to watch is @268.20. Breaking and holding over @272.40 will start a nice reversal to retest @276 resistance. Above @276 we'll find @279 (ATH) On the downside, CRM going under @268 will most likely pullback to 264.6 support. Failing to hold and we'll find @261. Bearish if CRM somehow...
Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Price bouncing on the support line. - Historical Uptrend - RSI + Stoch (NA) - MACD (NA) Suggested Entry $193.73 Suggested Stop Loss $214.69 Target price $189.47 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means...
I would wait for the pennant to fully break out and eventually re-test, before placing an order. - Historical uptrend. - RSI + Stoch well above 50. - MACD above Signal. Target price $205.00 Suggested Entry $196.60 Suggested Stop Loss $192.20