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Adobeinc

ADBE short with LONG entry levelsADBE just broke the support around $463, and we are heading to another support around $438. This could be a good entry-level for long positions. The area from $417 to $438 is a big support zone. ADOBE INC is a strong company with a strong base of customers. The perfect subscription model with a monthly fee and irreplaceable software that is used worldwide guarantees stable profits. Entry levels LONG positions: $438 $423 $417 - STRONG BUY
NASDAQ:ADBEShort
by SMART_MONEY_MARK
2
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle. At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:ADBE
by InvestingScope