Adobe may rise to 611.00 - 626.00

Our pivot point is at 541.

Our preference

The upside prevails as long as 541 is support.

Alternative scenario

Below 541, expect 517 and 503.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 537.3895 and 537.9322).

Supports and resistances

640 **

626 *

611 **

597

562.25 (USD-last)

550

541 **

517 *

503 **

Number of asterisks represents the strength of support and resistance levels.