Adobe Wave Analysis – 14 April, 2020

• Adobe approached resistance level 330.50
• Likely to rise to 362.60

Adobe opened today with the sharp upward gap which brought the price to the key resistance level 330.50 (former support from the end of February).

Adobe has been rising in the last few trading sessions inside active medium-term impulse wave (3) – which started recently from the key support level 290.00.

Adobe is likely to rise further toward the next resistance level 362.60 (top of the earlier wave (B) from the start of March).