SALESFORCE - Oversold and a good entry point
Updated
Salesforce is looking oversold to me and is heading straight for a support level that previously was a significant resistance (look at that breakout once buyers broke through). RSI is showing this as oversold.
I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future.
Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses.
I'm buying this for a mid to long term hold.
I am betting on a resistance to support flip and think this is a decent entry with small downside. Bullish on Salesforce as companies continue to rely on their tech setup to maintain, and reckon with a working from home / office blended culture in the post-vaccine near future.
Salesforce recently bought Slack which is an interesting development, they seem to have sights set on conquering the end-to-end "sales conversation" within businesses.
I'm buying this for a mid to long term hold.
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I've taken a position in this one. Let's go!
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