ADBE is currently holding at the long-term ascending channel support, and we can say it’s moving sideways between $330 and $360. It’s important to note that in previous tests of this ascending channel support, the price moved more rapidly; however, this time it seems to be taking a breather, indicating that the stock may be in a consolidation phase. This also reflects the current environment of increasing competition and growth among technology companies.
If a position is to be opened, $327.50 (the lowest level it recently reached) can serve as a stop-loss point. For those who want to avoid a potential bear trap, $319.33 could be considered a safer stop-loss level.
The first upside target would be $420, while in the event of a downward move, the price may head toward the $275 horizontal support level.
I wanted to keep the chart quite simple, but the indicators are signaling a potential upward movement. It seems that the price may soon move toward $420. This is not investment advice — it reflects only my personal opinion.
This is not investment advice.
If a position is to be opened, $327.50 (the lowest level it recently reached) can serve as a stop-loss point. For those who want to avoid a potential bear trap, $319.33 could be considered a safer stop-loss level.
The first upside target would be $420, while in the event of a downward move, the price may head toward the $275 horizontal support level.
I wanted to keep the chart quite simple, but the indicators are signaling a potential upward movement. It seems that the price may soon move toward $420. This is not investment advice — it reflects only my personal opinion.
This is not investment advice.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.