Adobe seeks a bottom to bolster it higher - Analysis - 14-09-2021

2021-09-14 10:21:40 GMT (Economies.com)
 

Adobe's stock (ADBE) fell 2.09% in the last session while gathering momentum to bolster it higher, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while the RSI reached oversold levels, compared to the stock's movements. 

 

Therefore we expect the stock to return higher, targeting the important resistance of 670.30, provided the support of 622.60 holds on.

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1736
0.0022
0.1917%
1.3718
0.0042
0.3045%
Tadawul
11270.57
-40.58
0.36%
22.755
0.454
2.036%
73.385
2.452
3.457%
77.54
0.28
0.36%
1756.020
-0.785
0.045%
 
 
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