Adobe Target $539 - After Consolidation

2023年6月23日

🐂 Trade Idea: Long - ADBE

🔥 Account Risk: 2.50%

📈 Recommended Product: Stock

🔍 Entry: +/- 446.00

🐿 DCA: Yes, down to 400.00

😫 Stop-Loss: 357.00

🎯 Take-Profit #1: 539.00 (50%)

🎯 Take Profit #2: -

🎯 Trail Rest: Yes

🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨

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Adobe participated in the AI boom and made more than 50% from its May low at around 325.00. Huge selling pressure came in around 520.00 showing stronger resistance in that area. We’ll need to see some more consolidation before considering stepping in. First buy zone would be around 446.00 from where one can DCA-in into the stock down to 400.00. We might not see the stock reaching the second buy zone, so consider start buying in multiple tranches starting in buy zone 1.

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