New short signal from my SSG trading system in Salesforce (CRM). This one tends to still run a bit before going into the direction of the signal, so I would be careful if you want to directly short the stock or trade it using a CFD or something like this.
I will look into an options position later today and then update here again wether I am taking the trade.
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...
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...
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.
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 –...
Everything is on the chart.
We tend to see a bounce when it comes to the 20 monthly MA for CRM. It is currently at 238, its also a demand zone. If we don't bounce this week, watch for that area for a potential long term buy.
Chart that goes with the December DD that include CRM !
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS...
SALESFORCE.COM activated a double bottom pattern with a potential target price at $186.92 -16% from current price. This would fall inside the fibo zone of the last impulse so if the price makes a bullish structure it would be a good opportunity for a potential second impulse.
