Adobe took a big hit this week and is now down 58% from all time highs. Looking at this chart I can draw a very long term up trend for this stock and can see things look pretty bearish with price trading below the lower segment of this channel. There is volume support area around the 260 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.