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.
Volume very dry. Waiting for the definitive move out of the structure.
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%.
Buy idea on CRM as you see on the chart because we have the breakout with force the vwap indicator. Thanks!
Sell idea on CRM as you see on the chart because we have the breakout with force the support line and the vwap indicator.Thanks!
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.
CRM has been pumping upwards with close to no pullbacks. CRM now squeezing in the ascending triangle. Will it break upwards and continue the upward trend?
CRM has been runnning a very long term Bullish reversal pattern If we take previous High of 306 as the base of Fib retracement then we are right at the golden fib pocket which is confirming a bullish reversal After last good earnings it made a high of 224 and then made a low of 205 . Right now its in kind of a accumulating mode where 205 is being tested...
Price is sitting on an important area of support. I'll wait for a clear break down before load myself with puts. The other option is to wait for a push back of the support area and then short before it tries again to break it. I'll keep you posted.