Is Salesforce CRM stock a buy now?

Should you consider investing in Salesforce stock now? The bias is clearly bullish, but as a supply and demand trader, you would be late now that the monthly demand imbalance mentioned in the previous salesforce stock analysis shared with you last 12th October 2020.

Salesforce.com stock (NYSE: CRM) has broken all-time highs. There is a lot of bullish momentum and new strong impulses on all timeframes. The stock had broken all-time highs again last October 2020, creating a strong imbalance of around $202 per share. Stock investors would probably be hoping for strength from CRM as it approaches its next earnings release. See below the analysis shared with you last October 2020 before Salesforce CRM stock pulled back to the imbalance at $202 as expected.

Now look at the Salesforce stock CRM updated analysis today, April 14th 2021. This is what we do at the Set and Forget stock trading community. There are no secrets; we are very transparent.

Salesforce.com stock (NYSE: CRM) also offers other cloud-based e-commerce, marketing, and analytics services. All these services help thousands of companies worldwide in their online and offline operations, automate many tasks and reduce their overall dependence on human employees.

Salesforce stock action analysis using supply and demand strategy

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances for Salesforce.com CRM stock.

Trading Salesforce.com CRM stock supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

Join our supply and demand stock trading course to learn how to use our supply and demand trading strategy.

There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) for Salesforce.com CRM stock if you are in a country where it’s allowed.