The Adobe Bears Seeking a Foothold

23 Eyl 2023

Adobe has an interesting megaphone pattern, the support line would need a third touch to make it valid. On the daily cycle price is yet to fail, this it will do if price goes below R503.90, that will really get the selling going as stop-losses are triggered. The bear scenario has higher confidence given that the share is in week 30 of an uptrend and should be seeking a weekly low.

22 Ara 2023

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