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.
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.
The bottom line of the rising wedge has been broken so it is now valid.
Price can fall to the bottom of where the wedge formed or depending on the market, it can fall even lower. Price can also stop falling when it hits a support level within the wedge.
The more candle touches a support line has, it comes a stronger support level. The more touches a resistance...
This has broken long entry level of 197.47.
Any pattern can fail especially Cups as of late.
I suppose market chop is hard on a cup and handle pattern.
NO recommendation
If you haven`t sold CRM here:
then Analyzing the options chain of CRM Salesforce prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $9.05
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
