Salesforce.com CRM Investment Advice

CRM Long Term Analysis for August 16 2021

August 16, 2021, 19:00 pm ET, BY Jeff W. – Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CRM

Buy CRM over 231.71 target 251.55 stop loss @ 231.04 Details

The technical summary data tells us to buy CRM near 231.71 with an upside target of 251.55. This data also tells us to set a stop loss @ 231.04 to protect against excessive loss in case the stock begins to move against the trade. 231.71 is the first level of support below 249 , and by rule, any test of support is a buy signal. In this case, support 231.71 is being tested, a buy signal would exist.

Short CRM under 251.55, target 231.71, stop loss @ 252.28 Details

The technical summary data is suggesting a short of CRM as it gets near 251.55 with a downside target of 231.71. We should have a stop loss in place at 252.28though. 251.55 is the first level of resistance above 249, and by rule, any test of resistance is a short signal. In this case, if resistance 251.55 is being tested, a short signal would exist.

Swing Trading Plans for CRM

Buy CRM over 251.55, target 253.30, Stop Loss @ 250.82 Details

If 251.55 begins to break higher, the technical summary data tells us to buy CRM just over 251.55, with an upside target of 253.30. The data also tells us to set a stop loss @ 250.82 in case the stock turns against the trade. 251.55 is the first level of resistance above 249, and by rule, any break above resistance is a buy signal. In this case, 251.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short CRM near 251.55, target 245.32, Stop Loss @ 252.28. Details

The technical summary data is suggesting a short of CRM if it tests 251.55 with a downside target of 245.32. We should have a stop loss in place at 252.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 251.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CRM

Buy CRM over 251.55, target 252.65, Stop Loss @ 250.96 Details

If 251.55 begins to break higher, the technical summary data tells us to buy CRM just over 251.55, with an upside target of 252.65. The data also tells us to set a stop loss @ 250.96 in case the stock turns against the trade. 251.55 is the first level of resistance above 249, and by rule, any break above resistance is a buy signal. In this case, 251.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short CRM near 251.55, target 246.38, Stop Loss @ 252.14. Details

The technical summary data is suggesting a short of CRM if it tests 251.55 with a downside target of 246.38. We should have a stop loss in place at 252.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 251.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CRM Technical Summary | Raw Data for the Trading Plans

Term →	Near	Mid	Long
Bias	Neutral	Neutral	Neutral
P1	0	0	214.04
P2	246.38	245.32	231.71
P3	252.65	253.30	251.55

CRM Swing Trading Analysis for August 16 2021

CRM Day Trading Analysis for August 16 2021

The support and resistance levels for Salesforce.com (NYSE: CRM) define prudent trading and investing plans, which are revealed herein.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CRM change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis. For example, if CRM is testing support buy signals surface, and resistance is the target. Conversely, if resistance is being tested,…

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