New short signal from my SSG trading system in Salesforce (CRM). This one tends to still run a bit before going into the direction of the signal, so I would be careful if you want to directly short the stock or trade it using a CFD or something like this.
I will look into an options position later today and then update here again wether I am taking the trade.
Salesforce Inc. reported robust Q3 2023 results (financial year), significantly surpassing analysts' expectations: net income per share surged to $2.11, and revenue reached $8.72 billion.
At the end of November, the company announced an expanded collaboration with Amazon.com Inc., which can contribute to sustained solid financial results for Salesforce in Q4 2023...
Salesforce surges on Q3 earnings beat amid 'green shoots' of cloud demand rebound.
Salesforce lifted its full-year profit forecast amid what it called 'green shoots' in demand improvement from big buyers of its cloud-focused software.
Salesforce (NYSE: CRM) - shares surged in early Thursday trading after it posted better-than-expected third quarter earnings, as...
I entered a trade on NYSE:CRM on Nov 29th just before the close. I was anticpating that NYSE:CRM will beat earnings and wanted to do an options earnings strategy where the risk is minimal but the return if the target price is reached is high.
Based on my calculations, I figured that the stock price would likely move by about $15 up or down so I targeted the...
Publishing Salesforce's 3 day chart, to see how the price action fares in the month leading up to their earnings reporting.
CRM was going through some major changes earlier in the year. If their changes prove successful and they deliver on estimates, this likely finishes the wedge and heads towards the range high (highlighted in the upper red zone.
If they...
Salesforce moved finally below (M)MA50, this is important move. Couple months it was distributing stocks after fake break above (M)MA50 and finally broke below.
It is never easy to call a short publicly in kick-ass companies like Apple, CRM etc.. In fact, it is TA
suicide! Being a hero is the world's shortest-lived job. I know it, yet I chose to put my a$$ out there
and risk great humiliation from astute gentlemen, ladies, trolls, and pikers. Believe me, it is far worse
than losing money!
Having said that, it doesn't...
Price is testing the neckline. This pattern is not valid until the neckline is broken with a downtrend. It has been broken but there is no clear downtrend.
Earnings are 11-29/estimated/AMC.
Short interest is low and is less than 1%.
No recommendation.
Entry: with price above 238.22
Volume: with volume greater than 26M
Target: 370.74 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, 217.91 gets you 2/1 Reward to Risk Ratio.
Resistance: 251 area
This LONG swing trade idea is not...
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.
