Software as a Service (SaaS) is at the center of attention due to the Coronavirus pandemic (Covid-19). Today, I’ll be analyzing the #1 firm in the Customer Relationship Management industry, Salesforce (CRM). - Salesforce is an extremely quickly growing business, whose founder was an ex-Oracle (ORCL) employee. - They currently employ the tallest building in San...
- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August. - The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning. - A bullish MACD crossover...
$CRM has officially entered the DOW as of 8/31. After a strong earnings result, it is consolidating sideways and primed to break out to new ATHs
Salesforce is one of those stocks where every time I think their growth can’t get any better, they turn around and show that their growth is still just getting started. This chart shows that. Check out the quarterly revenue chart on the bottom panel. Wow. Continued growth and now they are doing $5 billion per quarter. They have yet to no *not* grow. At this point...
$CRM has just cleared $184.80 handle buy point yesterday. RSI broke the trendline too and the volume was more than average. 12 months Consensus Price Target: $198.50 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge.
This is my first technical analysis based on limited knowledge. I see a cup and handle pattern suggesting it may further break out in coming days
As with numerous tech stocks, $crm is presently in bounce mode...at least until the 61.8% fib retracement zone is reached.
Price is showing divergence from RSI 5. Long Salesforce until next resistance $178. SL at $158 if price break support $160
Hi traders SalesForce on the move here with a possibale CRAB pattern Entry here should be around D point short. around price 180 Lets wait and see
METHOD: Short SALESFORCE {price at entry 156.40} via : +2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money. STRATEGIES: Using CRM day chart : The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short. The Fisher Transform bounce signal has failed and is now showing a...
Looks like a failed swing pattern for Salesforce. Placed my stop sell order, waiting for the dip to occur.
Salesforce.com formed a Rounding Top that broke to the downside. However, it did not complete the Rounding Top Formation yet, as it bounced strongly off of previous monthly highs.
BEAR CASE: * Weekly bearish divergence Bull CASE: *China **** I think we break way lower... Let's talk about i!
Potential xABCD formation at c.$154 which also happens to be the 78.6% retracement level of the XA leg. If we extrapolate an ABCD down, the downside projection would be c.$106 which coincides with the 2012 uptrend line. If you like MA crosses, CRM is in the throes of a death cross.
Nasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets. NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so)....
Nasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets. NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so)....