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 […]
Tag: slack
Salesforce.com on the Edge
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 […]