cmaroun
Short

ADBE Head and Shoulder

BATS:ADBE   ADOBE SYS INC
249 3 0
Adobe closed on the 26/10/2012 with relatively high volumes @ 34.01 after touching the 34.10 resistance level . It's daily chart shows a clear head and shoulder pattern that could send the stock lower to the 28.00 levels.
Fundamentally the co. is fairly valued.
imho, Right shoulder formation is not complete. H&S pattern is not confirmed. Possible? yes, but not yet.
Reply
guess you were right guys, ADBE broke the 34.10 levels today!
Reply
no head and shoulder there but still managed to close my trade with a small profit :)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out