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.
I mentioned about Salesforce.com (CRM) previously and about its consolidation. I was late in the game and did not manage to catch CRM when they announced earnings. As mentioned in my previous post on CRM, I am expecting that it will consolidate before moving up further. The key is to find another entry point. August… Continue reading Salesforce.com (CRM) : Trade review
Marc Benioff reported Salesforce.com results on August 19 with the following quotes: Second quarter revenue of $394 million rose 25% year-over-year. Even with an annual revenue run rate approaching $1.6 billion, our revenue growth is accelerating. At 25%, second quarter revenue rose at its fastest rate in six quarters and it represents the third quarter… Continue reading Salesforce.com (CRM) : Breakout and consolidation