Today’s instrument is the Salesforce Inc. stock traded in NYSE exchange under the ticker CRM.
Looking at the Salesforce’s chart, we can see that it was lastly traded down to the price of $163.55.
Today CRM is announcing its quarterly earnings and if the market’s anticipation is positive then it could rise towards its resistance level at around $178 otherwise it should further drop to test its support level at around $160 and if not able to hold it above that level, then it will continue declining towards its next support level at around $145.
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