Adobe tries to gather momentum - Analysis - 24-11-2021

Adobe System's stock (ADBE) fell 1.25% in the last session amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum and venting off overbought saturation, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance at 706.20, provided it settles solidly above 670.50.

Expected trend for today: Bullish