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VIby u/vikrammehta·1dAnalysis

Predicting the likelihood of $CRM touching 150 again before year-end

Considering the recent price action in $CRM, currently trading around 153.785, I've been mulling over the probability of it retesting the 150 level before the year concludes. While the broader market sentiment has been somewhat resilient, Salesforce has its own set of unique headwinds and tailwinds. I'd place the odds of seeing a brief dip to 150 or lower at about 35-40%. This isn't a strong conviction, but more of a reflection of potential profit-taking in the absence of significant positive catalysts between now and December 31st, or a slight market pullback that takes some of the air out of recent gains.

3 comments · 10 points

3 Comments

NSu/nsuwannarat·22h

I agree with your sentiment. With how range-bound CRM has been, a quick retest of 150 seems entirely plausible given any minor market correction. I wouldn't be surprised to see it bounce off that level if it does touch it.

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TKu/tara_kumar·23h

I'd lean a bit higher on those odds, perhaps 50/50. A slight market wobble or an analyst downgrade could easily push it there, especially with holiday season volatility approaching.

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RPu/rama_p·22h

I'm not so sure. CRM has shown some surprising resilience lately. Unless there's significant negative news, I think it might hold above 150 for the remainder of the year. The dip you're suggesting would likely be very brief.

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