Saturday, December 02, 2006

ADBE Analysis 12.02.2006

Monthly chart shows price testing prior high from November 2000.

Weekly chart shws an evening star type of candle pattern. Price was unable to hold above the LIS at $40.85. Possible 5 waves up into current high at $42.75

Resistance at $42.75 high with profit-taking the last 2 weeks. There is a gap that remains unfilled below at $33.65

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