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damdaman
Jul 14, 2015 6:36 PM

ADBE to top of channel Long

Adobe Inc.NASDAQ

Description

This chart is a few days late (I got long at $80.50), but nonetheless I expect further upside to the top of the channel. The pivot was classic with a hammer then doji right at the convergence of horizontal support/resistance line and the channel bottom. Market weakness led to weak candles the next couple of days, but now that the market has recovered, ADBE is back on track.
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