Salesforce rises through negative pressures - Analysis - 23-09-2022

SalesForce's stock (CRM) rose in the intraday levels after revealing a new profit target, with the stock rising 1.71% in the last session, or 2.52 points, settling at 150.15, with trading volumes surpassing 12.4 million shares, above 10-day averages of 7 million shares. 

Technically, the stock is trying to recoup some recent losses amid negative pressure from the 50-day SMA, amid the dominance of the main downward short-term trend, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect the stock to return lower, targeting the support of 130.00, provided it settles below 154.73. 

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Expected trend for today: Bearish