Low risk short setup Short

Adobe Inc.NASDAQ

Description

⋅ Dec 20, 2023 10:57 AM

Adbe has done one leg of down and pulling back now. It has now reached 20 DMA which can act as resistance. This is low risk setup with closing above 20DMA as SL. Target 1 - 570, Target 2- 550

Trade active

⋅ Dec 20, 2023 11:02 AM

Comment

⋅ Jan 3, 2024 6:20 PM

Target 1 achieved, at support, now

Trade closed manually

⋅ Jan 14, 2024 10:37 AM

TSL hit, closed for now.