Adobe Inc. (ADBE) stands out as a company with strong fundamentals. Adobe is renowned for its exceptional products such as Photoshop, Acrobat Reader and Creative Cloud.
ADBE's price climbed up to 54% since May 2023 Rather than succumbing to the fear of missing out (FOMO), a patient approach is warranted. I refused to chase the price. I want the price to come to me.
Waiting for a pullback or the formation of a solid base will provide opportune moments for entry.
A pullback can offer an attractive entry opportunity. Waiting for a pullback or the formation of a solid base would provide me strategic entry points. By monitoring key support levels, daily pivot misses, and structural breakouts as a mean of my timing to buy the stock with optimized risk and reward.
Entry trigger from a pullback : Price retraces to significant levels and then a bullish reversal candle formed or a structural breakout or a daily pivot being missed.
Entry trigger from a solid base : Price breaks the resistance level WITH volume.
ADBE's price climbed up to 54% since May 2023 Rather than succumbing to the fear of missing out (FOMO), a patient approach is warranted. I refused to chase the price. I want the price to come to me.
Waiting for a pullback or the formation of a solid base will provide opportune moments for entry.
A pullback can offer an attractive entry opportunity. Waiting for a pullback or the formation of a solid base would provide me strategic entry points. By monitoring key support levels, daily pivot misses, and structural breakouts as a mean of my timing to buy the stock with optimized risk and reward.
Entry trigger from a pullback : Price retraces to significant levels and then a bullish reversal candle formed or a structural breakout or a daily pivot being missed.
Entry trigger from a solid base : Price breaks the resistance level WITH volume.