David Keller tries to find a bottom in the charts following Salesforce's big decline Thursday.
Shares of Salesforce.com plunged this week post-earnings , pushing this technology name below its 200-day moving average for the first time since the October 2023 low. What do the charts say after this sudden 20% drop in price? Unfortunately for CRM, we see further downside in store before a potential buying opportunity presents itself. Let's set the stage for this discussion by analyzing the conditions before this week's earnings report.
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