Random thoughts on ADBE
Assuming no shakeup in the the next 6 months, I expect to run between red and green until at least june. Unsure of which green is valid, a bit risky for long positions. Would hold if entry around 500.
575 short term not unreasonable, but would probably take profit between 560-575, and wait to re-enter 525-530.
More likely to have an upside breakout mid summer through fall, but will need to cross green, with resistance at both 575 and 630. Short term (January), could see up to ~580, but no higher till summer.
Stoploss at red, if we break below that probably roughly going down to 400 or even 300 easily.
575 short term not unreasonable, but would probably take profit between 560-575, and wait to re-enter 525-530.
More likely to have an upside breakout mid summer through fall, but will need to cross green, with resistance at both 575 and 630. Short term (January), could see up to ~580, but no higher till summer.
Stoploss at red, if we break below that probably roughly going down to 400 or even 300 easily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.