High Expectation for the #AdobeHigh Expectation for the Adobe if the price break the 348.2 will up to 355.19
Adobelong
Long Position on #ADOBEAdobe is a growth stock and therefore I expect a good channel run.
Especially after their -6% decrease they can rebounce because of their supportive lines (e. g. EMA 200, EMA 100, EMA 50).
Your Christian Schönfeld
Adobe Deathcross DailyThere seems to be some discrepency regarding the nature of the rising broadening wedge, with some thinking its bullish while others bearish. I believe it is bearish, following Bulkowski's chart pattern rules. Short should be placed just under or above 200DMA if deathcross follows through. For a rising broadening wedge to be valid three or more touches must be evident at resistance and support lines.
ADBE : Long opportunityADBE just had a positive ER for this quarter.
This stock gapped up after earning report, filled the gap a few days later as a result of profit taking.
ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet.
It will most probably bounce higher for the next few weeks.
$ADBE Adobe, resistance turns in to support, $300 incoming$ADBE Adobe, resistance turns in to support, $300 incoming
