andrew.berg
Long

ADBE support bounce play

NASDAQ:ADBE   ADOBE SYSTEMS INC
ADBE             entered in a nice uptrend since the beginning of October. Then after it built a nice upper level base that resolved to downside move then we had another point to make adjustments when it broke down trend line that was intact since previous year. After that stock enetered into range bound type of market and found some support at $60. It showed some commitment two last days and looks poised to make a move higher with potential targets at 63.59 then 64.94. Stops below $60.
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