Adobe Inc.Long
ADBE bear trend
ADBE is in a deep bearish trend since its earnings
Fundamentally its a very strong stock based on its earnings and future outlook
It is easily heading towards the strong support and psychological bottom of 433 - 434
Entry can be done now or at 433 - 434 levels
Or for safe entry 592 is an entry which confirms a long term bear trend channel being broken
below 434 is a dark era for ADBE
then next level is 383 which I dont think it should reach , expect a solid bounce from 440 430 levels
Stop loss should be 380 if you enter at 430 440 levels
Fundamentally its a very strong stock based on its earnings and future outlook
It is easily heading towards the strong support and psychological bottom of 433 - 434
Entry can be done now or at 433 - 434 levels
Or for safe entry 592 is an entry which confirms a long term bear trend channel being broken
below 434 is a dark era for ADBE
then next level is 383 which I dont think it should reach , expect a solid bounce from 440 430 levels
Stop loss should be 380 if you enter at 430 440 levels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.