swara7kadir

ADBE Day Trade Potential Go For It !

NASDAQ:ADBE   Adobe Inc.
ADBE is looking strong today ! The earnings came out better than expected so we have a good catalyst. Looking at the chart it needs to get above 291.71 if it breaks that it will be clearing the all time highs and that's bullish (going up). Currently the stock has surged after hours on Tuesday. I would go long on it once it breaks the all time highs and start taking profits near 295 as there is an ascending resistance trendline that I have drawn. The market ($SPY) needs to be going up for this trade to work. I will be using my 1 min chart for entry, and 5 min chart for managing the trade. I would not be interested in shorting ADBE only going Long on it.

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