Adobe may rise to 511.00 - 520.00

Our pivot point stands at 463.

Our preference

Short term rebound towards 511.

Alternative scenario

The downside breakout of 463 would call for 449 and 440.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 481.3435 and 486.5592).

Supports and resistances

529 **

520 *

511 **

502

475.43 (USD-last)

468

463 **

449 *

440 **

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