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

2019-05-15 13:25:21 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1107
0.0209
1.9141%
1.2335
0.0149
1.2256%
Tadawul
7050.66
0.49
0.01%
17.799
0.688
4.021%
35.094
1.664
4.978%
35.31
0.02
0.06%
1730.450
2.590
0.150%
 
 
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