Adobe tries to recoup some losses - Analysis - 18-01-2021

Adobe Systems' stock (ADBE) rose 0.72% in the last session, amid positive signals from the RSI, settling thereafter at 520.60, while recouping some recent losses, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 500.00, provided it settles below 526.00.

Expected trend for today: Bearish