Salesforce.com stock plunges as traders aim to takeout stop loss orders. That is to say Wall Street traders a likely targeting the stop hunting zone identified below. Back on January 6, 2021 I posted an article about the stop hunting zone on Salesforce.com stock chart. Surprisingly, CRM managed to stage a rally to $250, but […]
So, as I keep an eye on Salesforce.com‘s stock, it’s clear the stock sits on a knives’ edge. Back in December I wrote about Salesforce acquisition of Slack. At that time traders punished the stock price. Investor’s appear to believe management overpaid. Big time! As a result, the stock is stuck in a bearish trading […]
Christmas came early for investors and Salesforce stock is on sale. Why is the stock on sale? Well, it comes down to how Wall Street operates. According to MarketWatch, Citi analyst Walther Pritchard downgraded the stock to “neutral”. Not surprisingly, traders jumped on the opportunity to hammer the stock. In reality, the selling pressure is […]
Today news leaked that salesforce.com (NASDAQ: CRM) wants to buy Slack Technologies Inc (NYSE: WORK). Why this big acquisition? Well, do you ever have to sort through an email tread a mile long? I do. And I hate it! Well, the business world is working to solve this problem. The basic idea is to work […]
