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Friday, 13 April 2018

Salesforce.com Inc (NYSE: CRM): 13 April 2018, Friday, 12.18pm Singapore Time

Salesforce.com Inc (NYSE: CRM): 
13 April 2018, Friday, 12.18pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for Salesforce.com Inc (NYSE: CRM), a hedge funds' favourite stock in the New York Stocks Exchange. The red boxed regions show areas of selling absorption, which then never fails to be followed up with a month of selling-dry period (illustrated with RED volume lines) before buying-up takes place in high volumes (illustrated with GREEN volume lines). Salesforce.com Inc remains in uptrend and its correction is over. It is able to break up $128.90 resistance region like a hot knife through butter. Bullish.

Donovan Norfolk Technical Rating:
Very Bullish

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