ADBE - due for a bounce

Adobe managed a good turn around today, - along with the main market. closing almost 0.5% higher.


ADBE, daily

Taking into account the wider market, a bounce to around 34/35 is anticipated. Assuming the main market does break lower after May opex, first target would be 30/29...and then 26 - assuming sp'1270/1200.

Good company, but will suffer in any future market down turn.