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Is Adobe Stock Attractive At Current Levels?

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by , 04-25-2022 at 07:52 PM (207 Views)
      
   
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The company posted better than expected results in the first quarter of FY2022 (FY ends on Friday closest to November 30), with revenues increasing 9% y-o-y to $4.2 billion.
The daily price is located below Ichimoku cloud in the bearish area of the chart. The price is breaking 408 support level to below for the strong primary bearish trend to be continuing.

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