Salesforce (CRM) – [Consolidating For A Move Up?]
Chart Source: Poems2.0.com
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!
Yours
Humbly
Kelwin&Roy
