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Momentum2963

Adobe right before a flag pattern brakeout?

Long
Adobe Inc. (NASDAQ:ADBE)  
Momentum2963  
NASDAQ:ADBE   Adobe Inc.
Trend Analysis Chart Patterns Technical Indicators
3
1
trendanalysis chartpattern indicator
Adobe brakes out of a 3,5 months flag pattern supported by upward trend line and high momentum with RSI > 60.

Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.

EMA20/50 crossover indicates upward turning secondary trend.

Quarterly Report aheat on 09 Dec '20

CRV = 4,97 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB
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