ADBE is well below the bands and is very oversold. Price below the bands is bearish but I am just a bit surprised at how long this one is staying under there. I guess we have not had a super bullish day since it fell perhaps. It has been unable to gather any momentum whatsoever so far.
It is still floating down to earth though.
I thought this may would have bounced back in to the bands by now, but it has not.
It will one day but for now I will assume it may fall even further. I have not see a sign of it bouncing yet.
There are other strong stocks dwelling under the bands as well.
Possible targets down listed in orange type if this does not do a bounce soon..
Price is at the .618 of the long trend up and trying to fall below it.
No recommendation.
ADBE, Check the ignition and may God's love be with you!
It is still floating down to earth though.
I thought this may would have bounced back in to the bands by now, but it has not.
It will one day but for now I will assume it may fall even further. I have not see a sign of it bouncing yet.
There are other strong stocks dwelling under the bands as well.
Possible targets down listed in orange type if this does not do a bounce soon..
Price is at the .618 of the long trend up and trying to fall below it.
No recommendation.
ADBE, Check the ignition and may God's love be with you!