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10% drop to Salesforce (CRM) coming in December

  • Writer: RevAlerts
    RevAlerts
  • Dec 7, 2024
  • 1 min read


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.




 
 

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