Adobe Inc (ADBE) tests channel-resistance able to contain buying into February, while a settlement above said resistance indicates continued gains into Q2
In this Wicked Signal video on Adobe Inc (ADBE), Cary shows recently tested channel resistance that can contain buying into February, below which the stock can over that time horizon drop over 10% from present levels. Inversely, a weekly settlement above illustrated channel-resistance would indicate continued gains of possibly 30%+ over the following six months.
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