Tag: Adobe Inc

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

Adode Inc. Stock Code ADBE.NAS

Outlook

Price broke above the cloud in the previous trading session, after being supported by the Conversion line. Price also managed to stay above the cloud during a price correction keeping the uptrend intact. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud at the moment, confirming the bullish trend.  MACD is bullish with both its lines above the zero line. If price is can stay above the Conversion line, it is likely to move towards the next price target $720.

Strategy                  

$650.00              Buy

$720.00              Price Target

$628.80              Risk Management Stop

3 weeks              Trade Duration