The software company is on the verge of entering, once again, a free-rise phase.
Although it has already surpassed the last historical high left in the summer of 2020 at $283, Salesforce should be able to surpass the last relative high left a couple of weeks ago around $286. Its definitive overcoming would confirm its entry into free rise, an ideal scenario to try to attack the upper part of its medium-term bullish channel, a range between $310 and $315. Below, the bearish gap ($260) is the reference to watch.
Pro1 PREMIUM Portfolio
Supports: $270, $260, $242, $209.
Targets: (Bullish) $310, $340.
Trend structure in SALESFORCE:
- Short term: Bullish.
- Medium term: Bullish.
- Long term: Bullish.