Salesforce (CRM) – [Consolidating For A Move Up?]

25th January, 2021, 7:33 PM

Salesforce (CRM) – [Consolidating For A Move Up?]salesforce 25th Jan 2021

Chart Source:

Salesforce (CRM) is currently in a sideway consolidation for the past month or so. Using technical analysis, the horizontal resistance is around $233 and nearby short term downtrend line is around $236. So if these key levels are taken out we might see a push towards $250 or even higher in the mid term. Volume is also coming in

It has test the horizontal support of around $214 and started to bounce up. If market sentiments continue to remain strong we might see more bullish action from salesforce!

Keeping a look out for this counter!