From TradingView · · 40s
Adobe stock shows bearish pattern
Adobe stock price rejected key resistance near $264-265, maintaining short-term bearish trend
In brief
Adobe stock price rejected key resistance near $264-265, maintaining short-term bearish trend Adobe stock remains bearish with resistance at $264-265 and support at $250 Originally reported by TradingView.
Bearish structure confirmed
Adobe stock dropped sharply from $275-276 to $250, showing strong downward momentum
Current retracement pattern
Price bounced to $264-265 but failed to break previous high of $275-276
Key resistance level
Resistance at $264-265 shows immediate rejection with bearish candle formation
Critical support levels
Support at $250 and $252-250 with potential downside target at $240-236
Bearish scenario
Breaking below $250 could extend downward move toward $240-236
The essence
Adobe stock remains bearish with resistance at $264-265 and support at $250
