The PEAD projected a bullish outlook for $CRM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
I count CRM as wave (4) of circle wave 3 complete. Expect to see at least 400 level (5=1), ideal target is 600 zone.
Salesforce is still on bullish uptrend, TP target remains to be 191.00 level.
CRM is extremely overbought along with the rest of the market. CEO is wasting money on private concerts, though they do have the money to do that so kudos to them. But mostly it's overbought and a pullback has to happen, might as well as ride it.
Salesforce Inc (CRM) broke above its Inverse Head and Shoulders (IH&S) pattern and by early next week should form a Golden Cross on the 1D time-frame. With the MACD just forming a Bullish Cross, we have all the confirmation we need to go heavily bullish on CRM and with the Support of the 1D MA100 (green trend-line) on the long-term, target the 0.618 Fibonacci...
Earnings were obviously well received. Price has not reached long entry level (EL) but it is knocking on the door. Price much surpass the left side, or the sell side of the cup. I have noted as of late after a big price move in one day, it is best for me to sell and take the profit. Nothing is ever predictable but until this reaches EL, this is a neutral...
Broke outside a gigantic fallen wedge in white . Now forming a bullflag outside after consolidating... if it breaks out my target would be 190.. I'm leaning long here but as you know, earnings could go either way so if you play, consider it a gamble.
As you might now, later that day CRM will publish their earnings. What is priced in in the options and what does that tell us? IV, IM - We have a very high Implied Volatility. The calculated Implied Move is 14.90 USD according to my data. Therefore the lower Zone is at ~148 and the upper zone is at ~178. This is a 9% move! - Remember the Implied Volatility is...
CRM reports earnings next week. This was a pre-earnings run that settled into an unstable sideways trend and then went down due to a lack of strong retail buying. Volume is exceedingly low to the downside. This is not a sell short setup. Buy zone support is too close from the bottom formation. NVDA had a similar pattern and gapped up on its earnings release news.
BIG pattern usually break out and make correction and that correction made bull flag so after this flag break we can enter and stop loss belov bull flag
Short entry - Below 165 Stop loss 167 Target - Retest falling wedge breakout 154-156
CRM traded to 184.42 today after an Earnings Beat. At 176.33 as I write this. Price broke through the resistance line of the channel down. Daily chart. Right this second there is a candle with a long top wick and no bottom shadow. This can change by market close. Candles have a habit of forming a bottom shadow, be it today or tomorrow or next week. Bullish so...
Salesforce - 30d expiry - We look to Buy a break of 167.51 (stop at 158.51) Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 167.24 should result in a further move higher. The previous swing high is located at 166.03. A clear break of 167.24 and we would look for further...
$CRM published not bad numbers in the last ES but the outlook looks not so optimistic. The stock sold off and now it`s recovering from the bottom on the general sentiment and news that the company announced a cost optimisation program. Look to buy with 200SMA as initial target and stop loss around 8-9% lower. There will be a time stop loss - if it doesn`t move the...
Will momentum push through the R/Resistance overhead. price has broken up through the Falling wedge. Both trendlines slop down in a Falling Wedge and narrow at the apex. The bottom trendline of the triangle overhead may pose R as well as the top trendline of that triangle. Looks like a W is trying to form but has some room to run. Small sup could be forming...
$CRM is another stock that flashed a buy signal after an extended decline, interesting one here. Best of luck! Cheers, Ivan Labrie.
$CRM Trade Idea Downtrend breakout on daily with candle confirmation Calls over $151.55 Targets: $160.25, $162, $165.25 Puts under $144.30 Targets: $143.16, $140.50
1. Salesforce is set to soar after Elliot Management took a stake. 2. Even before that, the stock was already forming a falling wedge pattern on the daily chart. 3. Salesforce RSI was also forming a bullish divergence pattern.