cmaroun
Short

ADBE Head and Shoulder

BATS:ADBE   ADOBE SYS INC
248 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.
DevD
4 years ago
imho, Right shoulder formation is not complete. H&S pattern is not confirmed. Possible? yes, but not yet.
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cmaroun
4 years ago
guess you were right guys, ADBE broke the 34.10 levels today!
Reply
cmaroun
4 years ago
no head and shoulder there but still managed to close my trade with a small profit :)
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