SalesForces stock price (CRM) fell in latest intraday trading while trying to seek a bottom to bolster it higher and help it gather momentum once again, thus leaning on the pivotal support of $268.00, representing the neckline of a positive technical pattern that formed at the end of the downward trend, the Double Bottom pattern.

This is especially important as the price also leaned on the support of the 50-day SMA, with a surge in trading volumes, as a positive divergence formed in the Stochastic after reaching oversold levels compared to the prices movements, sending out positive signals.

Therefore we expect more gains for the price, provided the support of $268.00 holds on, targeting the resistance of $313.80 as a price target for that Double Bottom pattern.

Todays price forecast: Bullish