| 
June 12, 2023Friday at a glance: Salesforce rallied 2.76% and ended the session at $215.31.
Salesforce could be slowing down soon as it approaches resistance at $219.08. Of course, crossing it might suggest further gains are ahead. Salesforce's upper Bollinger Band® is at $220.87, this is a slight indication of a slowdown.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Salesforce is set for a reversal in the coming days.
A look at other technology stocks also showed bullish price action as Adobe traded at $454 after closing Friday's trading day at $439.03 (up 3.41%). TSM traded at $102.8 after closing Friday's trading day at $99.94 (up 2.86%). Oracle traded at $109.85 after closing Friday's trading day at $107.48 (up 2.21%).
Furthermore, the market is looking at United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.
Approximately 12 days ago, the cloud CRM provider reached a significant high of $223.38 but has struggled to hold onto its gains and declined 6.2% since then.
