Worth Holding
Due to market sentiment and quitting of co-CEO, CRM fell to EMA 200 ($163), which was previously a resistance zone before the speculation of Google acquiring it published by RBC, and immediately rebounded from that level to $170.
It might be worth accumulating when market opens as CRM remains a long term winner given the amount of companies it has, constructing an economic moat for the company. High switching cost of the company would also promise stable revenue growth for it although its revenue growth is not as organic and great as before given the law of large numbers.
It might be worth accumulating when market opens as CRM remains a long term winner given the amount of companies it has, constructing an economic moat for the company. High switching cost of the company would also promise stable revenue growth for it although its revenue growth is not as organic and great as before given the law of large numbers.
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