Adobe may rise to 605.00 - 630.00

Our pivot point stands at 493.

Our preference

The upside prevails as long as 493 is support.

Alternative scenario

The downside breakout of 493 would call for 452 and 428.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 483.929 and 480.8132).

Supports and resistances

655 **

630 *

605 **

580

528.62 (USD-last)

510

493 **

452 *

428 **

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