I am following adobe for few weeks now, MCD and Sch are suggesting a bounce to the 35.50 area. Nice bullish channel going up, I am novice, so please forgive me if make no sense to you.
Adobe closed on the 26/10/2012 with relatively high volumes @ 34.01 after touching the 34.10 resistance level. It's daily chart shows a clear head and shoulder pattern that could send the stock lower to the 28.00 levels.
Fundamentally the co. is fairly valued.
