Adobe Style Back in the House

251 views

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.

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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

251 views

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.