Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.
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Keep your long term vision, Philip (BasicTrading)
Comment
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Thank me later my dear Tradingview followers😆
Adobe stock is almost at the structure mentioned in the analysis!
If you want me to keep you updated on Adobe stock, I really appreciate if you hit that "Like👍" button! Keep your long term vision.
Ardaerkocak
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You should do analysis for stocks which are closer to entrance point, this analysis simply recommends to wait 130 for ADOBE it may take sometime for this. Otherwise, good analysis.
basictradingtv
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@Ardaerkocak, yes, you are absolutely right - but I cannot share these ready to enter stocks here since they are part of the Elite Program...