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CRM sub-148 by month-end?
Seeing $CRM hover around the low 150s, after today's dip to 148.78, I'm giving a 65% probability it touches below 148 by month-end. The broader market sentiment isn't overwhelmingly positive for tech, and there's not much catalyst to push it back up strongly. Further profit-taking or minor negative news could easily push it down a few points. It's not a conviction short by any means, just a lean on market dynamics.
1 comments · 1 points
Yeah, I can see that. The overall market is definitely a bit wobbly, and CRM doesn't seem to have much in the way of immediate upside catalysts. Could easily dip below 148 if we see another broader market pullback.