Adobe leans on main upward trend line - Analysis - 22-02-2021

2021-02-22 11:47:37 GMT (Economies.com)
 

Adobe System's stock (ADBE) fell 1.89% in the last session amid negative signals from the RSI, trespassing the support of the 50-day SMA and leaning on the support of the main upward medium-term trend line, while gathering momentum to help it rise anew. 

 

Therefore we expect the stock to return higher, targeting the first resistance at 505.65, provided the support of 470.00 holds on. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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