1ADBE trade ideas
$ADBE with a bullish outlook following itse earning release$ADBE is projected with a bullish outlook following a positive over reaction after its earning release as per PEAD placing the stock in Drift B
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ADBE breaking out of triangle/falling channelADBE breaking out of the triangle and falling channel that it's in. Hopefully it'll retrace and I can get in at $494.50. My risk is the trendline that it's breaking out of.
Looking at the MACD, it looks like it'll continue rising.
I just gotta be careful about EPS tomorrow, but I've also been noticing that people seem to ignore EPS these days.
Adobe right before a flag pattern brakeout?Adobe brakes out of a 3,5 months flag pattern supported by upward trend line and high momentum with RSI > 60.
Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.
EMA20/50 crossover indicates upward turning secondary trend.
Quarterly Report aheat on 09 Dec '20
CRV = 4,97 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB