This is a weekly, Heikin Ashi chart on ADBE with focus on the past 51 weeks …
ADBE continues to experience a bullish run, up from $490 to $640, in past 11 weeks, and up $200 since early March 2021, when it was $440 per share.
The chart show ADBE drifting sideways for 40 weeks, prior to the recent 11 week rally.
Market cap is above $300 billion (might be 10th largest in NDX).
If the NDX is going to move up from low 15100 range, then ADBE is going to be one of the engines that pulls this train.
Not sure that it’s giving a clear overbought signal here. Good tech company to own for the long haul.
ADBE continues to experience a bullish run, up from $490 to $640, in past 11 weeks, and up $200 since early March 2021, when it was $440 per share.
The chart show ADBE drifting sideways for 40 weeks, prior to the recent 11 week rally.
Market cap is above $300 billion (might be 10th largest in NDX).
If the NDX is going to move up from low 15100 range, then ADBE is going to be one of the engines that pulls this train.
Not sure that it’s giving a clear overbought signal here. Good tech company to own for the long haul.