Adobe loses ground - Analysis - 23-09-2021

2021-09-23 11:32:52 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1604
-0.0008
0.0680%
1.3739
-0.0030
0.2164%
Tadawul
11807.79
-43.89
0.37%
24.073
-0.403
1.645%
82.134
-2.793
3.289%
84.26
-2.12
2.45%
1796.865
-7.180
0.398%
 
 
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