sandeep6883

Adobe stock price at crucial level of consolidation

NASDAQ:ADBE   Adobe Inc
Adobe Spent over 7 months between ~450-500.
Stock price & moving averages are at a very crucial level and near the lower edge of the consolidation window.

The possibilities are:

1. Adobe doesn't come back to 475+ levels by end of week (5-mar). Shows some weakness for coming weeks.

2. Adobe closes below 450, then the fall could be till 380-390. This aligns well with the Fibonacci level as well as last prominent top.