Trading idea for Adobe Systems Inc (NASDAQ)

05.03.2021

Technical reviews

#ADBE

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy when an ascending wave pattern has formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss under the local minimum.

Target levels: 477.54; 502.46.

Author: GC
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