rm995

It's time to buy before price spiking?

Long
rm995 Updated   
NYSE:CRM   Salesforce
Hi Fellow Viewer. Just to sharing why i would continue to buy Saleforce at this movement.

There is 3 Reason to buy
1. Strong future growth prospect
According source from IDC, Saleforce is market leader in the customer relationship management (CRM) space, which CRM has nearly 20% market share and the second-place Oracle on 5%. This has helped Salesforce onboard over 150,000 customers, which in turn has powered strong revenue growth.

2. Continuous market opportunity & capacity
Salesforce's Customer 360 platform AI-powered foundation that supports the company's various cloud-based software tools. These solutions help enterprises work together to provide a high-quality customer experience across marketing, sales, commerce, and customer service. This translates into higher satisfaction and greater customer loyalty, both of which could make the difference between a thriving enterprise and a forgotten business. In other words, Salesforce is a powerful partner.

3. Technical Analysis
Price is in strong uptrend which above 200MA, MACD line is above signal line and strong support is between 259 - 270.
Comment:
Strong support in range 230 ~ 235, if break the support might be starting short down trend
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