Stock Markets Analysis and Opinion
Salesforce.com Stock To Break Support?
2022.05.20 13:45
When we look at the Salesforce.com (NYSE:CRM) chart, we see its rise from the $160 level on the May 14 to the $166 on May 17 and its failed attempt to break the $169 overhead resistance leading to the retraction back to $160 on May 18.
Since then, it managed to climb to the $164, but then it fell lower to the $155 level during yesterday’s session. It was last found trading at the $155.46 range having the closest support level at the $154. Today we can expect a move towards and below the $154 support level, possibly near $151. If, however, it manages to hold on to the current level, then a move towards the $160 can be expected.
Salesforce.com Stock Chart.
