Adobe strives for recovery - Analysis - 26-10-2020

Adobe Systems' stock (ADB) fell 0.61% in the last session as the support of 477.17 held on, with the stock leaning on the main upward medium-term trend line, while leaning on the support of the 50-day SMA, with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 534.14, provided the support of 477.17 holds on. 

Expected trend for today: Bullish