Adobe loses ground - Analysis - 23-09-2021

Adobe's stock (ADBE) skidded 3.07% in the last session while trespassing the support of the 50-day SMA, exposing the stock for more negative pressure, while trying to correct the main upward medium-term trend. 

Therefore we expect more losses for the stock, targeting the support of 597.80, provided the support of 622.60 was breached. 

Expected trend for today: Bearish