giantkungfupanda

giantkungfupanda

Trading in similar triangular patterns. It's ready to break out. Earnings report on deck next week.

giantkungfupanda

After consolidating for a good 5 months since September 2020, ADBE appears to be attempting a breakout (finally) out of the symmetrical triangle. If it can hold on to 500 for a couple of days, that will confirm the breakout.

giantkungfupanda

Looks like it's trading within the symmetrical triangle. Waiting for it to go further close to the bottom trendline, which may provide more favorable risk/reward ratio for longs. The company's real strength is its unique combination of live sports streaming and sporting betting. Sports wagering market is estimated to grow from $1B today to roughly $18B in 2025...