Xafada

$ADBE Has mixed signals

Short
NASDAQ:ADBE   Adobe Inc.
1
There about a few short term bullishness in this stock from technical view, but the larger picture suggests the recent upside swing is about to end. From bullish view, there is a little enthusiasm buying from here as volume suggest, but in May the price printed very scary DCC bearish pattern that in most cases does not materialize but a signal for a possible trend reverse, Now, earning behind us, and price hovering at and around YTD's high, I do see downside move towards recent gap up. Position taken at and around 72.30 after price failed to push above 88.6% level

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