Key insights
- The post outlines a technical analysis-based trading plan for Salesforce (CRM) ahead of earnings. It highlights key support and resistance levels, potential price movements based on options pricing, and a bullish bias contingent on a positive earnings surprise and a close above $185. A drop to $164 is viewed as a longer-term buying opportunity.
$CRM at $180, earnings tuesday. avg target $265. here are my levels
CRM salesforce on Tuesday whos watching:
honestly been staring at this chart for weeks. salesforce at $180 and 46 analysts avg target is $265 lol thats 50% upside. earnings grew 20% last Q and they beat eps by 25% Dont know if i should buy before tuesday! options pricing 8.7% move so could easily be 195 or 164 by wednesday levels im watching: 164 - 52 week low dont wanna be below this 176 - bounced here 4 times already 185 - this is THE number. been tested 5 times from both sides. above this = game on 195 - march high 212 - jan support area 265 - where the 46 analysts think it belongs my plan is simple. beats earnings + closes above 185 im buying with a stop around 170. if it tanks to 164 i actually think thats the better setup long term.