Salesforce tries to vent off oversold saturation - Analysis - 08-11-2022

SalesForce's stock (CRM) rose in the last session after a boost from the 137.59 support, lending it positive momentum amid attempts to recoup some recent losses, while venting off oversold saturation in the RSI, with the dominance of the main downward trend in the short term, coupled with negative pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 154.73, provided the support of 137.59 holds on.

Expected trend for today: Bullish