10% December slide for Salesforce (CRM)

6 dic 2024

Despite raised guidance, we see a 10% correction ahead for Salesforce. This doesn't mean it won't experience a next leg up. Near-term short opportunity! Wave 5 ending and overbought. The stock's rapid ascent may have led to overvaluation, making it susceptible to a pullback as investors take profits.

We see a 10% reversal to the $320 price range this December.

Keep your charts clean and easy to understand.
Your strategy should look for easy-to-identify repeating patterns.

Be alert.
Trade green.

10 dic 2024

Nota

DECEMBER 09 UPDATE

2 red 8h candles since the Dec 04 gap up.
That's a near 5% drop since the high from that pop.

We see this continuing to move down, filling the gap down to at least the $330 area, and possibly more to the $320 range as discussed in our initial prediction.

Quick shorts are enjoying a near 10/share drop since our post.

Be alert.
Trade green.