Thanks for the chart. I’d had the position in Abobe for more than a year. Things have been looking bad lately. I noticed last night, though, that ADBE came up on one of my Ameritrade Advanced Analyser candlestick bullish reversal screens – bullish hammer. From what little I know about candlestick charting I understand that such a pattern requires a confirmation. It looks like we might be getting that today. Also, Cramer has been touting ADBE, despite its weekness, including on yesterday’s show. His touts have had a strong tendency to move the markets recently.
Mike,
Thanks for the chart. I’d had the position in Abobe for more than a year. Things have been looking bad lately. I noticed last night, though, that ADBE came up on one of my Ameritrade Advanced Analyser candlestick bullish reversal screens – bullish hammer. From what little I know about candlestick charting I understand that such a pattern requires a confirmation. It looks like we might be getting that today. Also, Cramer has been touting ADBE, despite its weekness, including on yesterday’s show. His touts have had a strong tendency to move the markets recently.
Mark
You’re welcome. I hope I’m wrong and it bounces back for you.