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Adobe right before a flag pattern brakeout?
Adobe Inc.
Long
Adobe right before a flag pattern brakeout?
By Momentum2963
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Dec 7, 2020
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Dec 7, 2020
Adobe brakes out of a 3,5 months flag pattern supported by upward trend line and high momentum with RSI > 60.
Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.
EMA20/50 crossover indicates upward turning secondary trend.
Quarterly Report aheat on 09 Dec '20
CRV = 4,97 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB
Chart Patterns
Technical Indicators
Trend Analysis
Momentum2963
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