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CRM trade ideas

CRM LongAll I hear on the media is tech rotation. Tech too heavy. People forget Tech has few things going that no other sectors have. One tech is the new commerce. Due to Corona virus it is the commerce. Growth is heavily expected. Not US but rest of the world is worried and wants to park their money somewhere there is return for their money. There is no alternative to Tech stocks. This is the new normal. Who will bring growth giants sitting on pile of money like Apple, Google, Fb, Microsoft, NVDA, CRM list goes on and on. Media is selling fear into lots of new Robinhood traders so they can scoop some of this names they missed on. Look at the forward P/E for most of these names. After their 15 to 20% decline they don't seem this bad. Here is one example CRM. If this week closes even slightly positive this is great long set up. If not price i think will consolidate near this area for few day and then bounce. Hope this helps. In business weak gets weaker and money man wins money. This is not a recommendation to buy or sell. This is for educational purposes. Please do your own homework before putting your hard earned money on line strictly based on a post on any websites.
NYSE:CRMLong
by Riainvestment
V Bottom Rising WedgeMomentum is riding with this one as well as a rising wedge. CRM has has dipped briefly out of rising wedge when under 195ish. Perhaps it will not break through any further. Rising wedges are bearish. Too many buyers without healthy pull backs, leaves no buyers when selling starts. But who knows when that will be? Could hit some targets before or if it ever happens. WDAY has fallen from it's rising wedge already and seems to have recovered. Seems safer to me. We are all different though Not a recommendation
NYSE:CRM
by lauralea
Learn options entry - beautiful RSI bounce and candle indicatorsI hope every options trader sees this chart. On the daily chart, August 31 closed as a bullish engulfing, though small body and after a completely indecisive doji. RSI over 50 supports calls if the high of Monday's candle is broken. It seems overbought, so caution is warranted, meaning you want a good signal. Here on 30 min chart, you see price has been consolidating since Aug. 26. As it neared the cloud there was also a RSI retest of the 50 line (red oval). The price took support on the moving averages and cloud, and this afternoon finally traded over Monday's high (white arrow). When the high price broke, there was a quick pop up in price and soon the stock was moving higher. The 30min candle also closed higher than the previous high close (green arrow) so this is a great sign for more upside.
NYSE:CRMEducation
by OptionsRising
1
💻 CRM (8/31) - (9/11) ☁️ 💻 CRM ☁️ Current Price @270.49 Nice pump and pullback last week. Key support to watch is @268.20. Breaking and holding over @272.40 will start a nice reversal to retest @276 resistance. Above @276 we'll find @279 (ATH) On the downside, CRM going under @268 will most likely pullback to 264.6 support. Failing to hold and we'll find @261. Bearish if CRM somehow gets sold to the ground and we find under @260, expect a nice flush down to low @250's.
NYSE:CRMLong
by Kindredd