Long idea with the Entry, Stoploss and TP-1 and TP-2 on the chart. NYSE:CRM

CRM - Stock bouncing as software names recover. Stock has gap to fill from $205 to $210.53. Stock has another gap to fill from $217.28 to $227.50. high watch here for upside move. Stock is decent at indicator level

Watching tech tickers like CRM, MNDY, forming local bottoms. We expect short-term (several weeks/months) strength but overall a dead-cat bounce. No position for our fund.

1:2 risk to reward trade here into gap fill, this could be a much bigger move possibly 230 and higher

Salesforce is trading at $191.75 in a peculiar spot. Price sits at just 12% of its range — practically on the floor at $178.16 low. But volume just exploded to a 3.09 Z-score, which is extreme territory. When you see volume screaming at price floors, something is happening beneath the surface. The question is whether this is accumulation or distribution disguised as activity. Price Structure CRM has pulled back -18.7% from highs of $291.15, a deep retrace by any measure. The bounce so far is 9.8% but only registering a 0.5x multiplier — partial recovery at best. The spread is moderate at 19.2% and the signal reads as a tight bull with only 10.92% edge at 1.25x. Clarity is low at 46%, meaning the market hasn't made up its mind yet. This is a stock caught between a deep selloff and the very early stages of a potential recovery. Directional Bias The multi-timeframe picture is conflicted. Total signals run 31 green vs 21 red across 112 checks — bullish but not convincingly so at a 59.6/40.4 split. EMAs are actually slightly bearish at 4:5, which tells you the trend structure hasn't fully turned yet. Ichimoku is mixed at 7:6. Candle patterns lean bullish 9:5, and the counter-trend signals are notably bullish at 11:3 — meaning buyers are showing up on pullbacks. Momentum reads bear with an upward arrow and bandwidth at 25.28%, suggesting the bearish momentum is fading but hasn't flipped yet. Volume Intelligence This is the real story. Volume Z-score at 3.09 is extreme — well above the 2-sigma threshold that typically marks significant institutional activity. Total volume is 21.88M against a supply base of 4.19B. The directional flow is bull dominant with a bull Z of 3.28 vs bear Z of -0.86. Momentum is accelerating at 2.76 with expanding short-term momentum at 121.1%. The 1:5 timeframe volume comparison shows 3.09 on the short side vs 0.33 on the longer side — meaning this volume surge is fresh and concentrated in the near term, not a gradual build. No whale flags yet and no volume squeeze, but at these Z-scores, someone is moving serious size. OBV Z-score is -0.66 but reading inflow direction with normal divergence. That negative OBV Z with inflow suggests prior distribution is starting to reverse — early accumulation signature. Scenarios Bullish (50%): Extreme volume at floor prices is the classic accumulation setup. If this volume continues with bull dominance and price holds above $178, this could be the early innings of a reversal. First target would be the $210-215 zone where prior support becomes resistance. The counter-trend signals at 11:3 support this read. Bearish (30%): The EMA structure is still slightly bearish and momentum hasn't officially flipped. If volume fades after this surge without meaningful price follow-through, the floor at $178 gets tested again. A break below opens up significantly more downside. The partial bounce at only 0.5x means buyers haven't proven themselves yet. Sideways (20%): Price consolidates between $185-200 while volume builds a base. The low clarity reading at 46% supports a period of indecision. Watch for volume Z to sustain above 2.0 across multiple sessions to confirm intent rather than a one-off spike. What to Watch Volume sustainability is everything here. A single extreme volume day means nothing if it doesn't follow through. Track whether bull dominance holds above the 3.0 Z-score over coming sessions. The EMA structure flipping from 4:5 bearish to bullish would be the trend confirmation signal. OBV Z crossing positive while maintaining inflow would seal the accumulation thesis. Risk Note Price at 12% of its range means the stock has already taken significant damage. That's either an opportunity or a warning depending on context. The -18.7% retrace is deep and the bounce is only partial. Position sizing should reflect the high uncertainty — 46% clarity means nearly a coin flip on direction. The extreme volume provides an edge, but only if it sustains. Fading volume after a spike at lows often precedes another leg down. Volume is making a statement at the floor. Now price has to answer.

The software sector has been under bearish pressure in equity markets for several consecutive months, penalized by capital rotation favoring stocks fully exposed to investments in artificial intelligence (AI CAPEX). In my previous analyses on TradingView, I already discussed the cases of Adobe and SAP regarding whether it was time to consider returning to major software stocks that remain cash machines despite being outside the artificial intelligence narrative. Markets are nothing but a sequence of arbitrage, cycles, and above all cyclical rotations. The time will come during 2026 when the dominant AI narrative will be in massive overbought territory (crowded trade), and the software sector will once again benefit from a rotation in its favor. Regarding Adobe and SAP, I invite you to reread my analyses from early February. As for Salesforce stock, here are the dominant technical and fundamental factors: • The decline in the stock has brought the P/E ratio back into a much more reasonable zone, roughly in line with the P/E ratio of Microsoft but still above that of Adobe. On this metric, fundamental valuation would be particularly attractive below 20. • From a technical analysis standpoint, the optimal support zone lies between $115 and $150. This support zone corresponds to a former long-term polarity area tested several times since 2019. It has repeatedly served as a price stabilization base after prolonged correction phases. As long as this zone holds on a weekly closing basis, the long-term bias remains neutral to constructive, with a base-building logic rather than a continuation of the bearish trend. On long-term momentum indicators, the weekly RSI is returning to a zone historically associated with phases of relative undervaluation of the stock. This type of configuration does not imply an immediate bottom, but rather reflects a market context in which the risk of further downside becomes progressively asymmetric relative to the potential for stabilization and then cyclical recovery. From a fundamental standpoint, Salesforce remains a cash machine with robust free cash-flow generation, a recurring subscription model, and a captive customer base. The market currently appears to be penalizing the stock for its perceived positioning as less exposed to the AI theme than some players more directly positioned in infrastructure or semiconductors. This reading nevertheless seems reductive, as the gradual integration of AI building blocks into CRM solutions represents a more diffuse but structural value driver. In terms of strategy, the $150–$120 zone is more suitable for a gradual position-building approach than for aggressive directional timing. 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Salesforce NYSE:CRM has seen its value nearly cut in half in the past 12 months, with the AI-focused software firm's stock hitting a nearly three-year low this week ahead of earnings. Let's see what CRM's chart and fundamental analysis can tell us. Salesforce's Fundamental Analysis Led by billionaire CEO Marc Benioff, Salesforce plans to release its fiscal Q4 results after the closing bell on Wednesday. The results will come out at a time when CRM has been on the wrong side of the market for far longer than the struggling software industry in general has been. The Street is looking for the company to report $3.05 in adjusted earnings per share for the period on roughly $11.2 billion of revenue. Should the deck play out that way, that would represent a 9.7% year-over-year gain from the $2.78 in adjusted EPS that Salesforce posted for the same period one year ago. Such results would also mark about 12% in y/y growth from Q4 2025's $10 billion of revenue. There are mixed opinions on Salesforce up and down Wall Street going into this week's earnings report. Twenty-six of the 42 sell-side analysts I know of who cover Salesforce have revised their earnings estimates upward for the period since the quarter began, while nine have cut their numbers and seven have made no changes. Salesforce's Technical Analysis Let's see if CRM's technicals offer any clues as to what might happen once those numbers are published. Here's Salesforce's chart going back some 16 months and running through last Thursday afternoon: The first thing readers will see is a double-top pattern of bearish reversal in late 2024 that kicked off a more than year-long sell-off for the stock. Marked with red boxes and red shading at the chart's left, this led directly into a falling-wedge pattern of bullish reversal. Denoted by blue diagonal lines and tan shading, this pattern did lead to Salesforce trying to break out to the upside in late 2025. However, CRM's bullish move led right into a second double-top pattern of bearish reversal (the red boxes at shading at the chart's right). This saw the stock get obliterated in early 2026. Is there any hope? Actually, yes. Readers will see that despite the stock having surrendered all three of its key moving averages, Salesforce's secondary technical indicators shown above are acting just a wee bit better. For example, the stock's Relative Strength Index (or "RSI," marked with a gray line at the chart's top) is flirting with the possibility of exiting technically oversold territory. And while all three components of Salesforce's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by a black line, gold line and blue bars at the chart's bottom) are still in negative territory, there's some cause for hope. Yes, having those three data points in negative territory is usually bearish, but the histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) is very close to going positive. In addition, the 12-day EMA (the black line) is very close to crossing above the 26-day EMA (the gold line). If both of those things happen, that would be technically bullish for the stock. An Options Option Some risk-averse options traders might be employing a "bull-call spread" in this situation. That's where you buy two calls with the same expiration dates, but different strike prices. Here's an example: -- Long one $180 CRM call with a Feb. 27 expiration date (i.e., after earnings). This cost about $6.60 at recent prices. -- Short one Feb. 27 $190 CRM call for roughly $3.50. Net Debit: $3.10. These traders will be risking the $3.10 net debit (the maximum theoretical loss) in an attempt to bring back $10, for a $6.90 maximum theoretical net profit. The trader would receive that if CRM closes at or above $190 at expiration. Conversely, traders would see the $3.10 maximum theoretical loss occur if CRM closed at or below $180 at expiration. (Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in CRM at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. 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CRM quarterly earnings is coming tomorrow. There are several unfilled gaps above. A divergence on RSI in an expanding wedge indicates a possible shift of momentum.

If you haven`t sold CRM before the previous earnings: Now analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 170usd strike price Puts with an expiration date of 2026-6-18, for a premium of approximately $16.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Salesforce NYSE:CRM is down around 23% since our short recommendation back in August last year. The thesis back then was fundamental in nature, based on the rapidly changing AI vibe coding environment and pace of technological change. While Salesforce consdiers itself an AI enabled company, its difficult to see manage the innovator's dilema. It has a lot of revenue at stake and so while it wants to sell AI, it won't be as well positioned as disruptors who want to take away Salesforce's customers and reduce their spend to a fraction of what it currently is. Agentic AI will completely disrupt the entire software business and because of that, we maintain our bearish view. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.