- Adobe reversed from strong support level of 335.00
- Likely to rise to resistance level 360.00
Adobe recently reversed up from the support zone between the strong support level of 335.00 (which stopped the sharp daily downtrend in April) and the lower daily Bollinger Band.
This support zone was further strengthened by the support trendline of the daily down channel from the start of June.
Given the strength of the support level of 335.00 and the oversold daily Stochastic Adobe can be expected to rise to the next resistance level 360.00.
- Likely to rise to resistance level 360.00
Adobe recently reversed up from the support zone between the strong support level of 335.00 (which stopped the sharp daily downtrend in April) and the lower daily Bollinger Band.
This support zone was further strengthened by the support trendline of the daily down channel from the start of June.
Given the strength of the support level of 335.00 and the oversold daily Stochastic Adobe can be expected to rise to the next resistance level 360.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.