Adobe may rise to 607.00 - 632.00

Our pivot point stands at 489.

Our preference

The upside prevails as long as 489 is support.

Alternative scenario

Below 489, expect 448 and 424.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 474.323 and 476.8626).

Supports and resistances

657 **

632 *

607 **

583

522.84 (USD-last)

504

489 **

448 *

424 **

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