ADBE reaching new heights before earnings report? Unlikely...
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!
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!
Trade closed: target reached
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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.
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.