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...
Enter when price clears 200.13
With daily volume greater than 6.6M
Target: 217.75 area
Depending on your risk tolerance: 194.25 gets you 3/1 Risk/Reward
🔹CRM is in a rising trend channel in the medium long term.
🔹There is no resistance in the price chart and further rise is indicated.
🔹In case of a negative reaction, the stock has support at approximately 190.
🔹CRM is assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS -...
When you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up.
Things to consider when looking at CRM chart:
1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and...
Salesforce - 30d expiry - We look to Buy at 192.32 (stop at 184.98)
The primary trend remains bullish.
Price action has formed a bullish ascending triangle formation.
Trend line support is located at 192.
The bias is to break to the upside.
Trading close to the psychological 200 level.
A break of bespoke resistance at 200, and the move higher is already...
PE Ratio over time to help someone with how to use the platform. Is there another way to share a chart you made that doesn't involve publishing? THis is annoying
The stock has recently broken out of a consolidation zone and is poised to begin a fresh uptrend. The company stats are more on the growth side, with Bloomberg analysts predicting that EPS would increase by 36.4% in 2024. Fundamentally and technically, things are looking well; if the final aim of 311.75$ is met, a possible return of 58% might be accomplished. A...
CRM had been basing for about 10 month now (since last May), the first sign that the worst could be over was when it broke above the 200 day movving average on 27 Jan, then a retest of this MA a month later on 27 Feb which validated the 200 day MA as the new "support".
Several days later on 2nd Mar, it gapped up strongly on earnings beat, stopping right at a...
- CRM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- CRM has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 177.
- Further rise to 233 or more is signaled.
- CRM is approaching's resistance at 192, which may give a negative...
Updated lines from previous mention. Pattern is looking to take shape. Let's see how it plays out. This is a bullish pattern, but should drop to or below 165.
$CRM had its great move up and seems to be slowing a bit.
A methodology for trading short term like I do, that I like, is cut the weeds and keep the flowers.
Or sell the losers, keep the winners. We also can't marry a stock, so it is up to the trader to determine when the asset turns into a weed.
Personally, for me if we break the supply zone I marked, I am...
Looks like we have a nice descending broadening wedge formation. We are more then likely heading down within the pattern, around 165. Note this is a bullish pattern but we shouldn't break new highs until we hit these lows.
Not financial advice. Always do your DD.
Really great set up.
If you were averaging into this one from for a bit, you're very happy right now. It looks like a calm target is $190.
Have to see how it interacts with the resistance it hit. If we can turn that into support that would be great.
This company could easily be in the $190-210 range in my opinion.
Need the rest of the market to play along and...
$CRM is a name that had great earnings and is reverting back down to the pre-earnings level. This is interesting because as traders we know we want that gap filed but we don't know how long that may take
I put the flag up there but it's kinda dumb. what really happened was that break down of that line I colored gold.
Maybe we see the gap fill and then....
![CRM: CRM- Rising Trend Channel [MID TERM]](https://s3.tradingview.com/3/3TqUqseI_mid.png "CRM- Rising Trend Channel [MID TERM]")
![CRM: CRM - Breakout Falling Trend [MIDTERM]](https://s3.tradingview.com/i/iYrIRPbb_mid.png "CRM - Breakout Falling Trend [MIDTERM]")
