Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CRM stock price defends $200 and is trying to climb above the 50-day EMA.</a> </li> 
 <li> <span>2</span> <a>Salesforce stock price (NYSE: CRM) reversing upward by taking support near the 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Salesforce Inc.’s stock price is in a short-term correction phase.</a> </li> 
</ul> 
<p>Salesforce Inc. CRM stock price took support near $200 and showed a minor recovery of 6.57%.&nbsp;</p> 
<p>Salesforce stock price is trying to climb above the 50-day EMA to reverse the short-term trend. If the buyers succeed then prices will pick up the momentum and boost the confidence of investors.&nbsp;</p> 
<p>At the beginning of September, CRM stock price attempted to break out of the $226 hurdle. However, due to the strong presence of sellers, the breakout attempt failed and prices witnessed profit booking.&nbsp;</p> 
<p>Slow and steady, prices declined by forming lower lows candles and retracing down to the 200-day EMA. Luckily buyers were active near to the support and succeeded in giving the short-term bounce.&nbsp;</p> 
<p>The recent up move looks sustainable and buyers seem to be again returning back to the track. Salesforce’s stock price is up by 55% on a YTD basis and generated decent returns for its investors.&nbsp;</p> 
<p>However, at present the bullish momentum seems to be halted and prices consolidating in the wide range. CRM stock price closed the previous session at $209.84 with an intraday rise of 0.63%.</p> 
<h2 class="wp-block-heading" id="strong-will-crm-stock-price-recover-in-november-strong"><strong>Will CRM Stock Price Recover in November?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522.png" alt="CRM Stock Holds $200; Is Correction Over for Salesforce Stock?" class="wp-image-176649" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-522-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: CRM daily chart by <a href="https://www.tradingview.com/x/uEnZ1yWt/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>CRM stock price is forming a bullish trend reversal pattern. In the coming weeks if buyers succeed in giving the follow-up momentum then confirmation of the reversal will be visible.&nbsp;</p> 
<p>Till the Salesforce <a href="https://www.thecoinrepublic.com/2023/10/11/salesforce-stock-defends-200-is-crm-stock-ready-to-bounce-back/" target="_blank" rel="noreferrer noopener">stock price</a> is sustained above the $200 level, the bulls will remain active. Any short-term correction will be absorbed so it will be difficult for the sellers to pull the prices below $200.&nbsp;</p> 
<p>On the higher side, $226.00 will act as a strong resistance for the bulls. If the buyers succeed in breaking the $226.00 level then the price will begin the journey to reach 52 week’s high.</p> 
<h3 class="wp-block-heading" id="strong-salesforce-stock-price-is-turning-bullish-on-the-weekly-time-frame-strong"><strong>Salesforce Stock Price is Turning Bullish on the Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_f484a"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NYSE:CRM",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_f484a"
}
  );
  </script> 
</div>  
<p>Salesforce stock price is also turning bullish on the weekly time frame. If the broader market indices and the software company sector stocks recover in the coming months. Then it may positively impact the <a href="https://www.thecoinrepublic.com/2023/10/11/salesforce-stock-defends-200-is-crm-stock-ready-to-bounce-back/" target="_blank" rel="noreferrer noopener">CRM share prices.</a>&nbsp;</p> 
<p>The MACD curve reverses upward and generates a positive crossover. The histogram bar is green indicating the strength of the bulls. The RSI at 53 pointing north indicates bullish momentum might continue for the coming weeks.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Salesforce Inc. CRM stock price is recovering and buyers are trying their best to reverse the trend in an upward direction. The price pattern shows that the correction is over and buyers are returning back to track.&nbsp;</p> 
<p>The analysis suggests, that till the Salesforce stock price sustained above the $200 level, the prediction remains bullish for the long term.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $226.53 and $237.98</li> 
 <li>Support levels: $197.38 and $190.61</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

CRM Stock Holds $200; Is Correction Over for Salesforce Stock?

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