Top line slopes down and the bottom line slopes up.
Green Doji noted a several weeks back at resistance.
Neutral pattern until broken.
Prior RSI Divergence that has most likely corrected.
No recommendation
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...
Current Price of CRM has cleared the 211 resistance area decisively. It's important Bulls to take charge and hold the the price above $219 for its next leg.
Targets for Long above $219 are $ 225, $232, $241,$256,
Stock favors Shorts if price stays below $219 and likely targets would be $211,$209 $204, $200,$197, $189
keep in mind September is the volatile...
If you haven`t sold CRM here:
or reentered here:
Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $8.75.
If these options prove to be profitable prior to the earnings...
Entry: with price above 238.22
Volume: with volume greater than 8.5M
Target: 520.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 238.23, 230.82 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
Potential short?
Weekly candles, so give it time to play out. Still have another 2 days left in this current weekly candle, so this is essentially a front run move, but that's why we have stop losses.
If macro markets drop this will obviously follow.
Key fib level at 0.886.
Entry: when price clears 225.00
Volume: with daily volume greater than 19.63M
Target: 239 area
Stop: Depending on your risk tolerance; 220.35 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
Salesforce stock (CRM) has seen a surge due to a truce with activist investor Elliott Management, the introduction of new AI services, and price increases on key products. The stock gained 5% in July, outperforming the market. CEO Marc Benioff's net worth has risen by $2.5 billion. Salesforce raised prices by an average of 9%, driving positive reactions from...
Salesforce - 30d expiry - We look to Buy at 216.11 (stop at 206.11)
The primary trend remains bullish.
Broken out of the triangle formation to the upside.
Previous resistance at 216 now becomes support.
We look to buy dips.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
This...
Macro: Strong SnP and NQ, CRM product price increase
TA: break of small range
entry: break of tight range
TP : at the next swing high or option expire
stop: carry til expiry or roll, if 90% value or reminder value/day<2
Salesforce ( NYSE:CRM ) is making an impressive pre-market move, poised to kick off the day with a breakout from its pennant formation. By taking into account a measured move from the previous consolidation phase, coupled with a measured move from the onset of the formation, we can project a potential target range of $233-238. Interestingly, this aligns with the...
- CRM has showed rejection off the .5 fib level which can confirm that W2 is over and we are headed for W3. I would like to see price break through support of the blue lines on the chart to confirm even more that we would be inside of a W3.
I would not be a buyer currently at these levels.
Salesforce rallied along with other software and growth names between March and May. Is it poised for more upside after a June pause?
The first pattern on today’s chart is the falling trendline along the recent highs. A break of that resistance could make traders expect the uptrend to continue.
Next, CRM has been stuck near the 50 percent retracement of its drop...
The PEAD projected a bullish outlook for NYSE:CRM after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
A trader who has a STRADDLE will open a long position at a support level or a short position at a resistance level safely.
He will not lose money if the market goes in the opposite direction.
BIG MONEY likes this plan and we can watch them and use support and resistance levels as ways to get in.
