Adobe has been consolidating from 450-500 range since August-2020. In a way it's been generating a flag formation since the lows of March-2020. It's currently at a very crucial level of 450 and it's important that the stock doesn't fall below 450.
On the positive side, if the price breakout can happen above 514 the immediate levels would be 600 & 740. These can be calculated using the Fibonacci levels as well as flag-pole height.
Fingers crossed to 740 levels in coming months...
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Stock price has made a nice breakout. Fingers crossed.