Sunday, February 11, 2007

ADBE (Adobe Systems Inc.)

ADBE started the roller-coaster downhill ride since mid Dec last year after a shooting star candle was formed. It is now hitting towards a significant support level around $36.9 supported by RSI oversold coming into the picture. If it does break this support level, the momentum will carry it down thru to $35ish, and probably even fill-up the gap formed in last Sep last year. We shall see.

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