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Silvestrov

Short idea - Adobe

Short
Adobe Inc. (NASDAQ:ADBE)  
Silvestrov  
NASDAQ:ADBE   Adobe Inc.
Triangle Elliott Wave adobe short shortsetup Equity growthstocks trianglebreak Symmetrical Triangle
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triangle elliottwaves adobe short shortsetup equity growthstocks trianglebreak symmetricaltriangle
Being one of the best growth stocks, ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started.

Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.
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