Salesforce.com CRM cloud computing stock analysis

Salesforce.com, inc. is an American company that develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. Salesforce.com offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices. Salesforce provides cloud-based SaaS (software being used as a service) solutions for enterprise customers. Salesforce’s flagship CRM (customer relationship management) platform helps companies manage customer relationships over the cloud. It’s been the world’s largest CRM software provider over the past seven years, I used it a few years ago when working on a personal web project to contact with prospects and leads. It was a really powerful software. Unfortunately, I no longer need to use a CRM software solution.

Salesforce.com stock (NYSE:CRM) has broken all-time highs. There is a lot of bullish momentum and new strong impulses being created on all timeframes. The stock has broken all-time high again and created a strong imbalance around $202 per share. Stock investors will probably be hoping for strength from CRM as it approaches its next earnings release. The company is expected to report EPS of $0.74, down 1.33% from the prior-year quarter. As supply and demand traders we do not care about stock fundamental analysis or earnings reports, only about the strength of these imbalances and the trend.

Salesforce.com stock (NYSE:CRM) stock analysis

Stock investors might probably notice recent changes to analyst estimates for CRM. These recent revisions tend to reflect the evolving nature of short-term business trends that we are not interested in as supply and demand stock traders unless you are a short-term intraday stock trader. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

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

Stock price 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 gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.

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 online trading academy If you want to learn how to trade stocks using 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.

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