Adobe System Inc. Stock Code ADBE.NAS
Outlook
Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD has a bullish crossover and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous high at $402.27.
Strategy
$374.90 Buy
$402.20 Price Target
$360.60 Risk Management Stop
3 weeks Trade Duration
