Adobe ends cautiously higher - Analysis - 22-03-2021

Economies.com
2021-03-22 12:22PM UTC

Adobe Systems' stock (ADBE) rose in the intraday levels despite negative pressure from the 50-day SMA, and with the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 415.95. 

 

Expected trend for today: Bearish 

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