In the larger monthly frame ADBE was on an uptrend. I believe that this trend has turned. ADBE may come back to fill in the gap here, and that might be a good opportunity to re-short.
More bullish than bearish. Would not even LOOK AT OR WORRY WITH spread unless we close below 200 SMA
Adobe Systems Incorporated (NASDAQ:ADBE) shares have come under pressure over the last few weeks. The stock was trading as high as $73.58 as recently as September 9. Since then Adobe Systems Incorporated (NASDAQ:ADBE) stock has declined almost 10% and is starting to get attractive for a long side trade. The first level on watch for next week which could provide a...
There about a few short term bullishness in this stock from technical view, but the larger picture suggests the recent upside swing is about to end. From bullish view, there is a little enthusiasm buying from here as volume suggest, but in May the price printed very scary DCC bearish pattern that in most cases does not materialize but a signal for a possible trend...
A Long Term: IMO, a giant of San Jose is looking for a fourth wave in this impulse. The rest in the hands of Mr Putin. Follow the blue line. www.youtube.com
making handle now (1 more leg down), before we can test this break out idea @ 47.17 the target after BO confirmation is around +5.24
GO long... Aggressive Entry on break up thru 45 level. More Conservative Entry break up thru 45.20.