Adobe sharpens decline - Analysis - 10-09-2019

2019-09-10 14:46:44 GMT (Economies.com)
Adobe sharpens decline - Analysis - 10-09-2019
 

Adobe's stock kept falling in the short term after exiting an ascending price channel that guided recent medium-term trading, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, especially if the support of 276.55 was breached, targeting the next one at 267.13. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
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