Adobe: ⬆️ Buy
– Adobe reversed from support zone
– Likely to rise to resistance level 380.00
Adobe recently reversed up from the support zone located between the key support level 335.00 (which has been reversing the price from April) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous short-term ABC correction ii from the end of August.
Given the strength of the support level 335.00 and the clear bullish divergence on the daily Stochastic indicator, Adobe can be expected to rise toward the next resistance level 380.00.
Source: Fxpro