12.12.2014 - Adobe Systems may continue to fall

The stock price of Adobe Systems failed to overcome the strong resistance level at 73.80 and started to correct. At the moment, quotes reached the inclined support line and important level of 70.00. In case of fixing the price below this level, we recommend to open short positions with a target near 60.00 and 50.50. In such case the stop should be set above 74.00. We forecast a drop in prices in the medium term.

Adobe Systems Incorporated Statistics

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