Trading Salesforce Inc $CRM With Integrated Risk Controls

August 06, 2023, 10:15 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CRM

• Buy CRM slightly over 212.92 target 236.64 stop loss @ 212.31 Details

The technical summary data tells us to buy CRM near 212.92 with an upside target of 236.64. This data also tells us to set a stop loss @ 212.31 to protect against excessive loss in case the stock begins to move against the trade. 212.92 is the first level of support below 214.59 , and by rule, any test of support is a buy signal. In this case, support 212.92 is being tested, a buy signal would exist.

• Short CRM slightly under 236.64, target 212.92, stop loss @ 237.32 Details

The technical summary data is suggesting a short of CRM as it gets near 236.64 with a downside target of 212.92. We should have a stop loss in place at 237.32though. 236.64 is the first level of resistance above 214.59, and by rule, any test of resistance is a short signal. In this case, if resistance 236.64 is being tested, a short signal would exist.

Swing Trading Plans for CRM

• Buy CRM slightly over 215.87, target 221.51, Stop Loss @ 215.25 Details

If 215.87 begins to break higher, the technical summary data tells us to buy CRM just slightly over 215.87, with an upside target of 221.51. The data also tells us to set a stop loss @ 215.25 in case the stock turns against the trade. 215.87 is the first level of resistance above 214.59, and by rule, any break above resistance is a buy signal. In this case, 215.87, 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 slightly near 215.87, target 212.92, Stop Loss @ 216.49. Details

The technical summary data is suggesting a short of CRM if it tests 215.87 with a downside target of 212.92. We should have a stop loss in place at 216.49 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, 215.87, 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 slightly over 215.30, target 215.87, Stop Loss @ 214.8 Details

If 215.30 begins to break higher, the technical summary data tells us to buy CRM just slightly over 215.30, with an upside target of 215.87. The data also tells us to set a stop loss @ 214.8 in case the stock turns against the trade. 215.30 is the first level of resistance above 214.59, and by rule, any break above resistance is a buy signal. In this case, 215.30, 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 slightly near 215.30, target 212.92, Stop Loss @ 215.8. Details

The technical summary data is suggesting a short of CRM if it tests 215.30 with a downside target of 212.92. We should have a stop loss in place at 215.8 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, 215.30, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Salesforce Inc (CRM) available here: CRM.

CRM Ratings for August 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	189.88
P2	215.30	215.87	212.92
P3	219.06	221.51	236.64

AI Generated Signals for CRM

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Salesforce Inc (NYSE: CRM) report below can help you, but we have more details too. The trading plans for CRM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.