Adobe (ADBE) - Hidden bullish divergence
Updated
On the chart, we can see a hidden bullish divergence. This means that the price will probably increase in the next coming period. Also, the gap needs to be filled and the earning announcement looks positive, these suggestions are in line with the hidden bullish divergence.
So an entry can be taken when the price breaks to the upside. Take your profits at the targets. All further details are shown on the chart.
Goodluck!
So an entry can be taken when the price breaks to the upside. Take your profits at the targets. All further details are shown on the chart.
Goodluck!
Trade closed manually
Upsloping trendline (support) is acting as it support . Unfortunately despite Hidden bullish divergence , the price can't break the resistance . No demand . Trading cancelled / trade closed manually with a small loss.Trade closed: target reached
Final target has been reached.Green recktangle is a buy zone now.
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