I think the Salesforce acquisition of Slack was genius. Why? They now have access to all of Slack's clients and companies. They can integrate all Salesforce products into it and go right after them to upsell them Salesforce products. This is a great attempt by Salesforce to keep growing revenues. However, there is more to this story...
Before we get to the bear...
CRM has reached the first target relative to the last Movement (see My idea : Sales Force : Signal confirmed to Buy 09/19).
Now we begun a correction phase, before to continue to next targets.
For the buyers not yet to enter, we must wait for rebound. May be at 269.26.
If we break this support it’s not good and we must stay outside.
For the sellers the trend is...
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...
Today we will talk about CRM. Here we have an active setup, and we will explain why we decided to develop it this way.
Main structure: The most important aspect of the chart before the entry was executed, was this huge Flag pattern above a dynamic support resistance level. We were waiting for a breakout of the structure before developing setups. Also, we could...
Price broke out of a down channel back in beginning of May, and it went into a consolidation for coming to 2 months.
CRM will be reporting their Earnings on 25th, and price could gap up.
Stop loss can be placed below $237 .
Target will be at $270.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have...
Hi! Today we will share with you a trade idea (real setup we will execute on CRM)
First, let's understand what we can see here from a technical perspective.
a) The price was inside an expanding structure defined by the dynamic support-resistance trendline (white line) and the support level.
b) After a huge GAP that broke the expanding structure, we...
After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels.
I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well.
With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65,...
We have early signs of a breakout above previous swing high, combined with a bullish triangle pattern. Although this pattern is not yet confirmed, a H4 close above is likely to trigger a strong bullish move.
Hi every one
This the SALEFORCE.COM INC stocks. this company's central office is in san Francisco ,USA. recent reports of this company has been very Impressive! on the technical side we can see that the Price has been In a Descending channel for a few months. but now the price has managed to break this channel upwardly so there is a strong chance the...