Salesforce.com Stock Code CRM.NYS
Price tested the cloud recently but was unable to break above the cloud. In the previous trading session, we saw price gapped down below the cloud. The gap in price is hinting at a bearish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish but a likely bearish crossover is hinting at a bearish price trend. We think price is likely to move lower to the previous support at $153.63 in the next 2-3 weeks.
$153.40 Price Target
$189.30 Risk Management Stop
3 weeks Trade Duration