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
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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.