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Salesforce Stock: Trading Idea for 14/12/2023

BATS:CRM   Salesforce
Apple Inc. has introduced new integrations with the Salesforce Inc. tools, such as Apple Messages for Business in Service Cloud or ARKit in the Field Service mobile app. The partnership between the companies began in 2018 and continues to expand.

Salesforce Inc. clients will be able to interact using Messages, and technicians will receive an ARKit-based room mapping tool and a new widget for iOS. All this may lead to an increase in the company's revenue and net profit.

So today, we suggest examining the Salesforce Inc. (NYSE: CRM) stock chart.

On the D1 timeframe, support formed at 224.25, with resistance at 263.43. A fairly wide channel has appeared with a high probability of a breakthrough of its upper border. Considering investors' general optimism after yesterday's meeting of the US Federal Reserve, there may be a relatively high growth potential in Salesforce's stocks.

On the H1 timeframe, the first target for the price increase can be set at 283.67, while in the medium term, it could hover around 298.24.

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