diagonal
spacer

ADBE Head and Shoulders

By Johns Wu on Aug 07, 2005

th_adbe_shoulder.gifheres an interesting chart. ADBE's chart looks like it has created a head/shoulders formation. i've never traded on a head/shoulders chart before, so you might want to read more about this kind of pattern to see if theres any money to be made.

i skimmed my book about head/shoulders patterns and it seems like its supposed to indicate a pending reversal. not sure though, because i read it kinda fast. but i hope this chart was helpful. take care. btw, i finally learned some basic PHP codes to get the recent posts column in the right navbar working.

UPDATE: extrapolating the neckline points to $26 as being a possible reversal price. i'm considering buying some shares, so i'll be doing more research on ADBE in the next few days.

spacer
This entry was posted on Sunday, August 7th, 2005 at 9:08 am and is filed under Stock Charts. You can leave a response, or trackback from your own site.


3 Responses to “ADBE Head and Shoulders”


By Anonymous on August 8th, 2005 at 8:18 am

i think the neckline should be sloping upward and its already been broken to the downside.

By Sit N Go Journal on March 27th, 2008 at 4:59 pm

Sit N Go…

Really enjoyed that article,tell me do you have any other blogs? Why not come and write for me I have a wicked article site you could submit article for?…

By ADBE chart analysis | Wall Street Stocks on November 6th, 2011 at 10:32 pm

[...] create a reaction swing, and then resume. My timing model will accommodate that scenario as well.ADBE has formed the second leg of four required to confirm a trend change from bearish to bullish. I…of IFs at this point in my analysis but things will clear up as the next week or two unfold. One of [...]

Leave a Comment


Comments: