Adobe may fall to 426.00 - 443.00

Our pivot point stands at 531.

Our preference

The downside prevails as long as 531 is resistance.

Alternative scenario

The upside breakout of 531 would call for 561 and 579.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 510.406 and 536.3212).

Supports and resistances

579 **

561 *

531 **

520

495.42 (USD-last)

461

443 **

426 *

409 **

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