$ADBE - coiling, could break outI think this stock has been held down. It may continue to coil in its current down trend before it has a small break out. It could also break down, which is why we wait for the trade to come to us.
Watching for it break the first down trend, and then the second before it revisits that recent high.
Waiting for $478-$480, then $500 and last $515
Would consider a position after $480 with primary hold to $500, then re-enter after holding $500 for a couple of days with a target to $515-$520
