ADBE Update of November 05Tech Stocks are bouncing.
ADBE As well.
But is this a new impulse wave ?! Even on lower time frames the first 1-2 was lost or was very easy (as theory may teach) but I'd be aware of this behaviour.
Any new LONG position shouldn't be taken now (if you did not hop in at the lows), until a more clear setup will show up.
HOLD ON !
0R2Y trade ideas
Consolidation taking place...Adobe is in an uptrend. And since the summer we have seen consolidation taking place for the stock.
Now there has been an upward breakout with some consolidation right after that. We see that as a back test. We therefore expect higher prices.
$ 520 is our first price target for Adobe.