Salesforce Inc (CRM)

[TFMG]

$CRM EARNINGS BETTER BE A BLOWOUT TO AVOID MORE DOWNSIDE.

Once the piggy bank stock where you investment was safe has turned a little weaker in recent weeks. The tech massacre has affected the high valuation names in particular and NYSE:CRM certainly fits into that category with a high p/e ratio of 100. The chart is getting increasing weak with indicators all bearish , as is the volume , with high volume on down days which is extremely bearish . On the downside $134 seems like a possible target BUT 3 TREND LINES BELOW COULD GIVE SUPPORT.

AVERAGE ANALYSTS PRICE TARGET $182
AVERAGE ANALYSTS RECOMMENDATION BUY