ADBE Long
William Alligator: the stock is currently in a bullish position because the candlesticks start being above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the price is increasing.
RSI: the line is under 70, so the stock is not overbought.
Candlestick patterns: there is a bearish engulfing which is a bearish confirmation.
Overall: it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
RSI: the line is under 70, so the stock is not overbought.
Candlestick patterns: there is a bearish engulfing which is a bearish confirmation.
Overall: it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.