$CRM: Short term bottom

6 thg 1, 2022

Calling a short-term bottom on CRM here. This is not a bloated tech stock, it's valued over time. They are currently at a P/S ratio of 8 and I think the stock might have put a temporary bottom. All in all, the stock would still go through the market correction cycle in the long term. In the short term, I expect it to close at least GAP 1. Also, notice the stock has extended below the lower Bollinger bands and oversold on all time frames.

Entry: $227 - $230 (I got 03/18 230 calls)

Targets: 247,260,291
Stop Loss: 220 (The stock still has a gap at 221)