RamkumarKR

Descending channel and Cup and Handle - Lets see if breaks out

Long
RamkumarKR Updated   
NASDAQ:ADBE   Adobe Inc.
upside points of 20 and 35 based on Cup and Handle on breakout from the point of breakout
75 on channel

All it needs is a convincing breakout!
Trade active:
Breakout confirmed on Friday (12/18). Targets next - 522 and 539 . Very optimistic target of 575 based on channel
Comment:
Current stop loss at 470 on basis of daily closing
Comment:
Stoploss of 472.22 will be breached if it closes below that today.
Trade closed: stop reached:
Stop reached yesterday. Not sure if it was just volatility in play. Earlier targets do not hold any longer

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