A new bullish opportunity comes from Adobe Inc.
Higher lows and higher highs are forming an uptrend price channel with a reasonable risk-reward ratio.
1st resistance is 0.236 Fibo level located in the middle of the channel at $425.
2nd resistance is located at $ 460.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Higher lows and higher highs are forming an uptrend price channel with a reasonable risk-reward ratio.
1st resistance is 0.236 Fibo level located in the middle of the channel at $425.
2nd resistance is located at $ 460.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.