A possible swing set up looks to be presenting itself here.
Adobe got wrecked recently with chip shortages and supply chain issues and i finally think it will begin to reverse therefore i will be watching this.
bullish divergence also looks to be occuring with the RSI.
price has broken out of the falling wedge and seems to be re-testing the line.
use stop loss, 405 is a good one to use for a tight stop loss.
price targets are 480, 520, 580.
DYOR
Adobe got wrecked recently with chip shortages and supply chain issues and i finally think it will begin to reverse therefore i will be watching this.
bullish divergence also looks to be occuring with the RSI.
price has broken out of the falling wedge and seems to be re-testing the line.
use stop loss, 405 is a good one to use for a tight stop loss.
price targets are 480, 520, 580.
DYOR