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...
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 published not bad numbers in the last ES but the outlook looks not so optimistic. The stock sold off and now it`s recovering from the bottom on the general sentiment and news that the company announced a cost optimisation program. Look to buy with 200SMA as initial target and stop loss around 8-9% lower. There will be a time stop loss - if it doesn`t move the...
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.
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,...
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...
Initial Target 160 Intermediate target 170 Goal Target 180 Buy Zone 145-152
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...
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 –...
Saleforce Short Term - We look to Buy a break of 192.11 (stop at 179.00) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This stock has recently been in the news headlines. A bullish reverse Head and Shoulders is forming. A break of yesterdays high would confirm bullish momentum. We look for gains to be...
Saleforce Short Term - We look to Buy at 168.45 (stop at 151.44) They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good...
Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain...