Adobe may rise to 603.00 - 617.00

536 is our pivot point.

Our preference

The upside prevails as long as 536 is support.

Alternative scenario

The downside breakout of 536 would call for 513 and 498.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 542.339 and 545.932).

Supports and resistances

631 **

617 *

603 **

589

559.7 (USD-last)

546

536 **

513 *

498 **

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