As suggested by our chart analysis. Despite raised guidance, we see a correction ahead for Salesforce. Wave 5 ending + EV3 Reversal Indicator is usually a potent combination to predict reversals.
The stock's rapid ascent may have led to overvaluation, making it susceptible to a pullback as investors take profits in December.
We see a 10% reversal to the $320 price range, before the next leg up or further declines.
Be alert.
Trade green.
