IMF_Trading

$ADBE - Channel running

NASDAQ:ADBE   Adobe Inc.
We have witnessed an almost robotic systematic trading scheme where we see a 5-6 day 8-10% run up and a 2 day 6-8% pull back. We are currently @ 5 days and 7% up, so buying here would be foolish if you are looking for a long term hold. Ideally, Im looking for a $375 entry point on the next pullback and setting a $355 stop loss if things go sour.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.