Adobe's stock will enter a downward trend! Adobe's stock will enter a downward trend!
This chart shows the weekly candle chart of Adobe's stock in the past two years. The graph overlays the recent top to bottom golden section. As shown in the figure, after bottoming out at the end of September 2022, Adobe's stock is now in the fourth largest upward trend band! The long up shadow line at the weekly level last week indicates that in the short term, bulls are weak! In the future, Adobe's stock will enter a downward trend!
