Therealaleech

ADBE - Still channeling

NASDAQ:ADBE   Adobe Inc.
In the channel since February. Looks like a distribution phase. EMA's are sideways, SMA's are sideways. Stochastics and MACD have given a sell signal at resistance and RSI is headed toward oversold. It's battling with the SMA's right now. Already headed downward.

Wait until it gets to support or until it breaks from the channel one way or another.

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