ADBE has been consolidating for some time and is definitely ready for a breakout.Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years.
Levels to watch: $650
Keep your long term vision,
Philip - BasicTrading
Nota
Quick update on Adobe:Sometimes, market structure is sooo clear and obvious, that you want to go all in on a single trade (never do this please!). Adobe just rejected support and it is quite unlikely that we will see another retracement soon. Target: all time high!
Levels to watch: $650, $450
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Investing.Simplified.
#LONGTERMVISION
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.