Adobe keeps falling - Analysis - 21-12-2021

Adobe's stock (ADBE) kept falling with a 1.23% in the last session, settling at 549.77, while hurt by piercing  the main upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the first support at 526.00, provided it settles below 559.00.

Expected trend for today: Bearish