Adobe in a hesitant place - Analysis - 15-05-2019

Adobe's stock rose in the last session after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, while hurt by piercing the upside short-term trend line. 

Therefore we expect the stock to decline and target the support of 261.30, as long as it settles below the resistance of 277.00. 

Expected trend for today: Bearish