If cloud computing is a leading sector in the tech, then the chart for Salesforce.com is a sign that the tech industry is breaking down. And by extension, entreprise spending is tightening in 2012. From the Ichimoku Daily Chart, we can see that CRM as far as back as November in 2011 when it pierce… Continue reading $CRM . Salesforce breaking down.
RightNow (RNOW) cleared resistance with high volume with news of better 3Q outlook. Other news include announcement of new COO, Wayne Huyard. The former COO, Susan Carstensen will head the Global Services Unit. To me, the above is a sign that RightNow is revenue base is growing and they needed more management to help grow… Continue reading RightNow (RNOW): Cleared resistance with high volume
Salesforce.com (CRM) have a very nice retracement over the last few days that see it dip below the Tenkan sen follow by a nice breakout of the resistance at $77.48. Leading kumo support is thick at around $73.48