Salesforce faces the upcoming quarterly earnings presentation at record highs.
The CRM software giant is trading at an all-time high.Its former high (and resistance) located around 286 dollars is now the first support to watch. The bullish projection of the current short-term channel gives it additional upside up to 302-305 dollars, where it will have to face the upper guideline of the formation. Any correction that does not imply the loss of 270 dollars should be considered as a healthy oscillator regulation in search of new highs.
Pro1 PREMIUM Portfolio
Resistances: It has not, in free rise.
Supports: $270, $260, $240, $205.
Targets: (Bullish) $302-305, $330 (Bearish) $270, $240.
Trend structure in SALESFORCE:
- Short term: Bullish.
- Medium term: Bullish.
- Long term: Bullish.