Look for the uptrend to develop with ADBE
ADBE is making an attempt to re-establish it's long-term uptrend. Check the ADX/DMI for a bullish crossover , confirmed by a choppiness indicator to transition from "rangebound" to "trending". 1st price target is around the 600 level. If this target is achieved, look for further upside to 700.
If the uptrend fails to materialize, have a stop-loss at 445 level. Stay in the trade as long as the price remains above the cloud.
If the uptrend fails to materialize, have a stop-loss at 445 level. Stay in the trade as long as the price remains above the cloud.
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