Thursday 12 April 2012

ADBE - still in the bullish channel

Adobe is looking good, and is a bullish sign that the tech' sector might yet have another significant up wave.

ADBE, daily


MACD cycle looks pretty much floored - although no confirmation yet. We have a great channel, and only a move under 32 would be concerning. Immediate price targets would be 35...and 37 by end April/early May. If the main market is cruising past Sp'1422, then ADBE should be around 37, which is some 15% higher than current levels.

Seemingly, a good reliable tech company, next earnings are set for June'19.