ADBE higher high higher low; Target of Inv H&S id 555
ADBE just broke above some resistance lines as shown in the chart. Here I used GANN lines.
It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there
Will be a huge upside with TP at 555.
A fundamental very good company with a lot of moat.
Not trading advice
It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there
Will be a huge upside with TP at 555.
A fundamental very good company with a lot of moat.
Not trading advice
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Bad forward guidance from Adobe & FedEx brought this stock down to lower channel after the recent false breakout at upper channel.
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Still waiting for ADBE to make an island reversal. I think the investors over-reacted. ADBE has just bought into a new related company & will definitely keep expanding. It has a lot of switching moat.