When we look at the Salesforce (NYSE:CRM) chart, we see its fall from the $197 to the $180 price level on Feb. 25 and the subsequent bounce from the $180 support level to the $205 range where it managed to consolidate, holding above the $200 strongly. It also steadily climbed the following days to as high as $215 and it was last found trading at the $209 range.
CRM announced quarterly earnings on Mar. 1 and both EPS and revenue estimations beat estimates.
Today we can expect a move towards the $220 price level.
If however, it doesn’t manage to hold on to the current level then a move close to the $200 closest temporary support can be expected.
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Salesforce: Expected Move Towards $220 Price Level
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