Adobe readies to tackle pivotal resistance - Analysis - 08-12-2021

Adobe Systems' stock (ADBE) rallied 4.49% in the last session while leaning on the main upward short-term trend line, settling at 649.96, benefitting from positive support from the 50-day SMA, while readying to tackle the pivotal resistance of 670.50.

Therefore we expect more gains for the stock, targeting the resistance of 748.50, provided the resistance of 670.50 was breached.

Expected trend for today: Bullish