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kcabral

ADBE - Heavy Overhead Resistance Around $195-196

Adobe Inc. (NASDAQ:ADBE)  
kcabral Updated   
NASDAQ:ADBE   Adobe Inc.
Fibonacci Trend Lines
3
0
fibonacci trendline
We are about to hit long term overhead resistance at 195 to 196. We'll likely need to back off soon before moving to 200.
Comment:
Resistance turns to support. It just needs to hold above 195.
Comment:
Support turns to resistance. Looks like it couldn't stay above 196, which is bearish. More downward pressure to come.
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