Why is Salesforce stock facing resistence in 160s ? Interested in hearing thoughts.
@amazon then what are your pickings
Bought it back at 100, riding it to the moon
They seem to be growing QoQ, but does not reflect on their stock price.
Earnings are coming up, maybe some movement then
Technicals are garbage. Former professional trader.
Can you elaborate ?
The market is at best pseudo random. Technical analysis doesn't really work. Yes there may be large blocks of trades that provide some level of support/ resistance, but i don't think there is value in trying to glean the future direction of a stock based on these. Maybe on an incredibly short scale they might work, but once your passing even the span of a few minutes i would have serious doubts