Adobe dominated by upward correctional trend - Analysis - 30-01-2023

Adobe's stock (ADBE) rose in the intraday levels amid the dominance of the upward correctional trend in the short term, while buoyed by piercing the main downward trend line recently, buoyed by trading above the 50-day SMA, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 396.40. 

Expected trend for today: Bullish