Sales Force : Next Green candle a good signalIn daily, the next candle green will be a good signal to buy.
in frames (1 and 2 hours) it is the end of consolidation phase and may be we will continue the bullish trend.
Salesforce
Salesforce Ponzied - Double Top - Large Cap Stonksvaluation matters. Seems to have caught the $doge buzz. Buy Buy Buy. lol
NO.
Profit TODAY matters most in *rising rates environment.
CRM active setup. Let's see how this performsToday 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 observe 0 resistance levels after that.
Time Horizon: When you are trading a big structure, you must understand that these types of setups take a lot of time to evolve. However, that's not a problem if you know how to handle your anxiety and have other setups or strategies running with this.
The target: Is a convergence between fibo extensions and an ascending channel that is not defined yet (we need a new ATH to confirm it. However, if that happens, the alignment is pretty good.
Activation Level: Our entry price is always above minor resistance zones of the corrective pattern, or in other words, "Always above B." That way, we avoid a lot of fakeouts.
Invalidation Level: IF everything goes wrong, the invalidation level we have is below the structure. There we will automatically close our setup losing 1.5% of our Capital.
Thanks for reading!
CRM: Could be breaking out of the consolidation soon!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 any symbols that you'd like me to analyze, feel free to drop me a comment.
$CRM Salesforce bullishIf NYSE:CRM surpaces the $250 dollars in the next days and keeps over this amount it would increase between 9% and 20% form its current price
Trade Idea on CRM - Trading the Flag PatternHi! 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 observed a 270 days consolidation (Flag Pattern).
c) In June, we saw the breakout of the Flag Pattern that tends to anticipate the beginning of a new movement once the price reaches a specific confirmation level (ABOVE "B")
d) Based on the previous items, we have defined pending orders above "B" and stop loss below "C" the key idea of these levels is that they are on price levels that provide good confirmations in term of broken levels. This type of approach increases the possibility of success.
e) What about the target? We have used a principle developed by Elliott, "New Impulses have correlations with the previous ones." In this case, using the previous impulse (Before the Flag Pattern), we can draw Fibonacci Extensions (nothing more than fixed proportions) to define 2 targets.
f) How long can it take this movement if everything goes as expected? Between 200 and 350 days.
g) How much do you risk in a setup like this? ALWAYS 1% OF our capital, never more. What does it mean? If you have a 10.000USD balance, you want to have a maximum loss of 100USD if the price reaches the stop loss.
Is this a forecast? Not at all; this is a scenario that our system tells us, "Here you have a 50% chance of having a winning setup, with a risk-reward ratio of 2.36" With that clear, this is a bet we will take 100 times. The most probable thing is that we will be wrong 50 times and right other 50. Our main goal is developing a positive expectancy over the long term. In other words, "an edge."
Thanks for reading!
CRM - Time for Calls!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, indicating a possible short-term upside of 12.27%.
CRM potential to 240-250 after ERCRM has been trading in a descending price channel for a while now. Expecting strong quarterly report in May and price rising to 240-250.
Salesforce (CRM) - Breakout is ImminentWe 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.
CRM stocks on the way to ATH again?Hi every one
SALEFORCE
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 price of the stocks would Increase from this Point. the price can easily Increase to It's ATH once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Trading Idea - #Salesforce short-termBUY
ENTRY: 217.60 USD
TARGET: 234.56 USD (+8 % profit)
STOP: 207.66 USD
Salesforce is the world's leading provider of customer relationship management (CRM) software.
1.) Testing the support at $ 209.95 provides good timing for buying the security.
2.) The growth in recent years is one of the company's strengths. A further growth of 70% is forecast over the next 3 years (until 2004).
3.) Salesforce is in a great financial position, which gives it immense investment capacity.
4.) But beware! The ratio of "company value to sales" places the company among the world's most expensive companies.
5.) The trend in the last 10 months is clearly negative. Therefore, I only see a short-term buying opportunity.
6.) With a clear breakout of the downward channel, new possibilities arise!
CRM hitting key buying levelsThey say this will come down to $200 which is a key buying level. However, think we have another run up before this takes a turn to go down deeper than it is right now.
by iCantw84it
05.17.2021
CRM - Sales losing the Force..-Since the start of the year tech stocks have taken two legs down, in late February and now, in early May. CRM stock has joined the party both times. It’s down 3% on the year, while the average S&P stock is up 11%.
-It’s due to investors rotating out of expensive stocks and into those benefitting from the end of the pandemic or President Joe Biden’s Administration’s infrastructure plans. Even with this latest fall, Salesforce stock sells at 49 times its earnings. That won’t change at its next report on May 27, with 42 cents of net income expected on $5.89 billion of revenue.
-When the pandemic was on, investors piled into the few names that were making money. Cloud application stocks like Salesforce were among those names. CRM stock peaked at $281.25 per share in late August into early September. Over the last year, you’re still up 32%.
-But there are a lot more places for investors to make money now. You can buy a steel stock like Cleveland-Cliffs (NYSE:CLF). You can buy a cement stock like U.S. Concrete (NASDAQ:USCR). You can even grab a cruise line like Royal Caribbean (NYSE:RCL) and be rolling in profits.
-The light is still on at Salesforce. There’s a succession plan in place, with 42-year old Bret Taylor on tap to replace co-founder Marc Benioff as CEO. Top line growth is still averaging 20%, the company continues to make money.
-Salesforce profits would be higher, except it’s paying a massive $27.7 billion to buy Slack (NYSE:WORK) and compete more closely in office applications. This is not a bad idea. It’s just bad timing right now to go for growth when the market wants margins. That will change and, when it does, Salesforce stock will likely come back.
BOTTOM LINE:
-Tech valuations are compressing. It’s not a mirage. There’s no need to pay 49 times earnings for 20% growth when hundreds of companies are going from loss to profit and, at least in the near term, growing just as fast.
Credit: Dana Blankenhorn
Our Opinion:
We keep our target at around: $185-190
You can use Adobe to make $DOGE memes.If a car is a meme, and the gas is $DOGE, then the highway is Adobe.
Create memes of meme coins, but first, load up on some $ADBE. You should invest in the tools you use.
The bars pattern here is from $FTNT... they're all in the same tech basket. $FTNT is leading, $ADBE $CRM and others are following.
Buy $CRM - NRPicks 07 MarSalesforce.com, inc. develops enterprise cloud computing solutions with a focus on managing customer relationships around the world.
Last week announced quarterly results that exceeded expectations, producing revenue growth to keep the company at the pace of CEO Marc Benioff's goal of $35B by 2024.
Salesforce generates healthy free cash flow, more than 19% free cash flow margin last year, even when Benioff and the company increased spending during the pandemic.
Technical:
Low levels of RSI- Oversold
Price below MA20,MA50,MA100 andMA200
CRM IdeaCRM is down over 30% since its its all-time highs in September is down over 18% since mid-February.
CRM is somewhat risky considering its aggressive valuation however, with the digital transformation of the economy and major shift into cloud services this company's long term potential can't be ignored.
CRM holds a 20% share of the global CRM market which is larger than those of its four largest competitors combined (Including Adobe, SAP, and Oracle).
SalesForce (CRM) Great Entry Point!SalesForce (CRM),D1: Mirror level + Bollinger bands + Spinning Top + Dragonfly Doji + Oversold + Discount.
CRM Stock 09/03/21 Analysis 4H ChartNYSE:CRM (SALESFORCE: CRM )
- Trend Analysis -
📑Value: 8/20
📈Growth: 16/20
💰Profitability: 20/20
🚀Momentum: 6/20
💸Earnings: 8/20
🖇️Total Score: 58/100
CRM salespitchCRM morning gapper here on this spectacular March 8 Monday morning. Playing ping pong off that channel, can it retest the upper trend line and potentially break though? Who cares, I'm entering calls at open for a decent risk reward play here... Good luck trade safe!
Let me know your thoughts!
Thank you
$CRM - Salesforce Earnings PlayI don't have confidence in Salesforce. I haven't taken these options yet, might still update the strategy. It NEEDS to break it's support level before I take the trade.
Salesforce Strategies for Options$CRM. Earnings rose 24% from a year earlier while revenue climbed 20% to $5.82 billion. But its fiscal 2022 EPS target lagged, according to Investors.com
Volume price profile looks good, with POC (point of control being at $226).
Great buying opportunity if it bounces off of $216 Fibonacci.
Strategy: selling put spread below 215/210; buying vertical spread 225/230.
Depends on your outlook for the market in the next 3 months.
Happy Trading, from CJ -- aka the greatest FURU.
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