Adobe has steadily advanced upward within our beige Target Zone between $331.93 and $449.61, moving away from the low of the beige wave x, which thus gained further confirmation. The stock should soon fight its way out of this zone and head for the resistance at $640. The ongoing wave y should eventually extend significantly above this mark to complete the corrective upward movement of the blue wave (b) there.
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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.