Adobe Style Back in the House

It’s been a while since I took a look at Adobe. The often criticized technology firm is breaking out an all timeframes, including from the multi-year consolidation you can see on the quarterly chart below. I am looking for a break and hold above $38.20 to expect a test of all-time highs at $48.47 from 2007. Also note this breakout negates any long-term bearish head and shoulders top interpretation.

_________________________________

2 Responses to “Adobe Style Back in the House”

  1. Interesting post Chess. ADBE is among the first billion-dollar a quarter software-in-a-box companies to move its model to a subscription in the cloud. And, it’s working.

  2. Still the gentleman’s choice for porn pleasure

Comments are closed.
Previous Posts by chessNwine

Adobe Style Back in the House

It’s been a while since I took a look at Adobe. The often criticized technology firm is breaking out an all timeframes, including from the multi-year consolidation you can see on the quarterly chart below. I am looking for a break and hold above $38.20 to expect a test of all-time highs at $48.47 from 2007. Also note this breakout negates any long-term bearish head and shoulders top interpretation.

_________________________________

2 Responses to “Adobe Style Back in the House”

  1. Interesting post Chess. ADBE is among the first billion-dollar a quarter software-in-a-box companies to move its model to a subscription in the cloud. And, it’s working.

  2. Still the gentleman’s choice for porn pleasure

Comments are closed.