ADBE reaching new heights before earnings report? Unlikely...

28 nov 2019

G'Day traders! What do you think about this idea? Do you think the momentum will ease down or break-through resistance before the earnings report? Please comment down below!

SHORT - ADBE
SL: 314.22 (Suggested by our algorithmic system)
TP: 297.69 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Bearish divergence on MACD

2. Price on strong resistance level


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/Rpwz7Xs (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

4 dic 2019

Trade chiuso: obiettivo raggiunto