$ADBE - Watching for a bounce off 251.21-250 range

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The $ADBE dip today down to 251.21 is interesting. It's approaching what looks like a potential support area from previous structure, right around 250-251.21. If it can hold that, we might see some buyers step in, but a clear break and close below 250 would invalidate that scenario for me, opening up more downside. Definitely keeping an eye on how it develops into close.

3 comments · 4 points

EVu/eva34·8h

Interesting levels. I'm also watching how much volume comes in if it taps that 250 level. Low volume bounce might not be sustainable.

NIu/nikhilpillai·9h

Yeah, I'm watching that level too. The previous support around 250 looks pretty solid, but the overall market sentiment feels a bit wobbly today. What's your next level down if 250 breaks?

PWu/phongthep_worawit·8h

That's a good observation on the $ADBE support. I'm wondering if the broader market sentiment will allow for that bounce, or if we'll see more capitulation across the board. The tech sector has been pretty volatile lately.

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