How the price action of Salesforce Inc (CRM) is used to our Advantage

August 23, 2022, 04:30 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Salesforce Inc (NYSE: CRM) data table below can help you with price action, and we have more details too. Trading plans for CRM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for CRM

• Buy CRM slightly over 155.34 target 183.99 stop loss @ 154.89 Details

The technical summary data tells us to buy CRM near 155.34 with an upside target of 183.99. This data also tells us to set a stop loss @ 154.89 to protect against excessive loss in case the stock begins to move against the trade. 155.34 is the first level of support below 176.98 , and by rule, any test of support is a buy signal. In this case, support 155.34 is being tested, a buy signal would exist.

• Short CRM under 183.99, target 155.34, stop loss @ 184.52 Details

The technical summary data is suggesting a short of CRM as it gets near 183.99 with a downside target of 155.34. We should have a stop loss in place at 184.52though. 183.99 is the first level of resistance above 176.98, and by rule, any test of resistance is a short signal. In this case, if resistance 183.99 is being tested, a short signal would exist.

Swing Trading Plans for CRM

• Buy CRM slightly over 180.19, target 183.99, Stop Loss @ 179.67 Details

If 180.19 begins to break higher, the technical summary data tells us to buy CRM just slightly over 180.19, with an upside target of 183.99. The data also tells us to set a stop loss @ 179.67 in case the stock turns against the trade. 180.19 is the first level of resistance above 176.98, and by rule, any break above resistance is a buy signal. In this case, 180.19, 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 180.19, target 155.34, Stop Loss @ 180.71. Details

The technical summary data is suggesting a short of CRM if it tests 180.19 with a downside target of 155.34. We should have a stop loss in place at 180.71 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, 180.19, 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 180.19, target 182.15, Stop Loss @ 179.77 Details

If 180.19 begins to break higher, the technical summary data tells us to buy CRM just slightly over 180.19, with an upside target of 182.15. The data also tells us to set a stop loss @ 179.77 in case the stock turns against the trade. 180.19 is the first level of resistance above 176.98, and by rule, any break above resistance is a buy signal. In this case, 180.19, 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 180.19, target 176.14, Stop Loss @ 180.61. Details

The technical summary data is suggesting a short of CRM if it tests 180.19 with a downside target of 176.14. We should have a stop loss in place at 180.61 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, 180.19, 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 Ratings for August 23:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	126.38
P2	176.14	180.19	155.34
P3	182.15	187.92	183.99

Support and Resistance Plot Chart for CRM

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