Consolidation taking place... Long

Adobe Inc.NASDAQ

Description

⋅ Oct 20, 2020 5:59 AM

Adobe is in an uptrend. And since the summer we have seen consolidation taking place for the stock.
Now there has been an upward breakout with some consolidation right after that. We see that as a back test. We therefore expect higher prices.

$ 520 is our first price target for Adobe.

Trend Analysis

Comments