Salesforce, Inc.
No trades
Trade ideas
CRM to bounce off from supportI identified an opportunity in the slowly falling channel. The candle is currently located near support, and has a high chance to bounce. The market started off pretty good as bull dominates the market. I entered into the position to test the idea. The RSI is a bit higher compare to previous candle located at support. #realtrade
Descending triangle, bearishDescending triangle, bearish, could break down in a couple of days.
Thoughts?
Option Traders bet big on Salesforce.The cloud stocks have all fallen out of favour as a result of what is considered high valuations, there has been a obvious rotation inot value rather than growth, CRM has been hit like all others. Despite this todays action in the options markets are extremely bullish with enormous call options traded with a $170 strike price.
Technically the chart is hitting heavy resistance, with convergence of Fib and downtrend resistance.
Indicators are bullish but a high volume trading session is needed to break the aforementioned resistance level.
Good R/R trade entry level $157.50 Target price $170
Average price target $187 Very achievable by year end, if the cloud stocks get their mojo back.
P/e ratio 128 - Very high but historically it has been forgiven
Company profile
Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
CRM: Short Term Buy9/20/19
- CRM repeatedly unable to break ATH of $165
- Supported with long base and Elliot Wave above 0%
- Recently bottomed out in up channel toward $163
- Trend on daily remains strong, supporting upward price movement
Salesforce - CRM bullish long term I’ve built positions in the green boxes, will add upon breakout and will take partial profit at $200 / share.
Salesforce failed swingLooks like a failed swing pattern for Salesforce. Placed my stop sell order, waiting for the dip to occur.
Potential for a $20 channelLong-term ascending triangle pattern formed. Fundamentally strong after recent quarter. Longer term, definitely a buy. Shorter term, I'd be looking to trade an upswing with an entry at $150, stop at $140, pull off half at $160 for the $10 channel, and pull out the rest at $167-170 for the $17-20 channel.
$CRM SALESFORCE BULLISH INTO EARNINGS.======NEAR-TERM TARGET $165=====.
BREAKOUT LEVEL $168
BREAKOUT PRICE TARGET $185
Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
CRM buy setup CRM price going with stong support line. Possibly buy. wait for 123 pattern for entry. I also watching this one .
