ADBE.US:
Our expectations: ADBE.US is in a strong upward trend, and the price has formed a pin bar on a levels of horizontal and diagonal resistances, which is a prerequisite for increase.
Alternative scenario: If the price goes below the diagonal resistance we might see a break and decrease in the price.
Commentary: The company has posted good results over the past year, with analysts' cost of around $ 144, and the share also has a better performance than the index.
Price on levels of a horizontal and diagonal resistances.
Price action signal for a possible increase - pin bar.
50/200SMA 50 above 200 - bullish tendency
SL: 133.50
Trader I. Ivanov
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