Adobe: ⬆️ Buy
– Adobe reversed from the support zone
– Likely to rise to the resistance level 376.40
Adobe recently reversed sharply from the support area between the key support level 335.00 (which has been reversing the price from the start of 2023) and the lower weekly Bollinger Band.
This support area was further strengthened by the lower support trendline of the weekly down channel from the start of 2024.
Adobe can be expected to rise toward the next resistance level 376.40 (the former support level which stopped weekly impulse wave iii at the start of March).
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