SalesForce regains footing - Analysis - 26-05-2022

SalesForce's stock (CRM) rose amid support from the RSI, after reaching oversold levels, with the stock recouping some past losses, and marking a profit of 1.73% in the last session, or 2.72 points, settling thereafter at 159.65, with trading volumes surpassing 7.4 million shares, matching 10-day averages, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower and target the support of 148.00, provided it settles below the resistance of 166.50. 

Expected trend for today: Bearish