| 
June 12, 2023
A quick look at Friday: despite the risk-off mood, Asana was range-bound between $22 to $23.62 and settled at $22.24.
Asana, Inc. made an initial break below its 10 day Simple Moving Average at $22.33, a possible indication of a forthcoming negative trend. On the other hand, note that Asana could begin to recover as it approaches significant support, now 63 cents away from $21.61. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting Asana to extend its recent losses.
On the other hand, positive performances could be seen by looking at other technology stocks as Adobe gained 3.41%, as it traded at $454. TSM traded at $102.8 after closing Friday's trading day at $99.94 (up 2.86%). Salesforce was up 2.76%.
Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.
The stock has been trending positively for about a month. The web and mobile application developer is now trading 91.26% above the significant low ($11.78) it slumped to 5 months ago.
