ADOBE Inc. (ADBE)
The first support point at $ 500 has been reached, now we remain in the evaluation if a further correction to the price $ 470 will be necessary and the last one at the indicative price of $ 400 in the movile 200 average area (blue line) on the 1 week chart .
If the price were to fall further by drilling down the moving average 200 we could speak of a down trend and no more than a simple retracement.
NB: with the previous TOPs and the RSI inclination we have witnessed a downward divergence on the RSI
The first support point at $ 500 has been reached, now we remain in the evaluation if a further correction to the price $ 470 will be necessary and the last one at the indicative price of $ 400 in the movile 200 average area (blue line) on the 1 week chart .
If the price were to fall further by drilling down the moving average 200 we could speak of a down trend and no more than a simple retracement.
NB: with the previous TOPs and the RSI inclination we have witnessed a downward divergence on the RSI