📌Adobe stock is lost more than 40% of its value in last 4 months. Adobe is ofer investors strong market position, very high markgins and cash flows, low debt and share buybacks. Latest financial numbers were solid, they should limit further downside risk. I believe that the stock’s current price levels likely present a fruitful opportunity for investors to initiate a position or add to their existing one.
💡 ADBE technically based idea, sideway matket in last periods, we can see price is on SUPP zone-bouncing, CHANNEL pattern visible, technically indicators showing we can expect higher bullish continuation, based on technically readings expecting to see BREAK od CHANNEL and higher bullish continuation till targets marked on chart.
📌About Adobe Systems: Adobe is changing the world through digital experiences.
📌Interesting news/things: Turning to Wall Street, Adobe has a Strong Buy consensus rating based on 19 Buys and five Holds assigned in the past three months.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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