Salesforce
Updated

Price is Beneath a Rectangle

143
Price broke to the downside from a horizontal consolidation zone.
A lot of RED noted suggesting strong selling pressure. It would seem that even sellers can become exhausted and take a break?

Target 1 has been met. Targets 2 and 3 in smaller orange type.
Price is below the .618 of the trend up since the Covid low and above the .786.

There is a support level not far below price and if this stock is planning to turn up for any length of time, this would be a good place to do so.

Earnings are late November and it appears expectations are low.

Short interest is low at around 1.35%.
No recommendation.
Note
Upcoming Quarter's Earnings
Announce Date
11/30/2022 (Estimated)
Earnings EPS Normalized Estimate
$1.22
EPS GAAP Estimate
$0.10
Revenue Estimate
$7.83B
EPS Revisions (Last 90 Days)*
UP-3DOWN-32
GROUP 2 UP-8 DOWN-37
snapshot

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