ADBE - Bullish morning starADBE has strong support on a long term trendline (black line on monthly chart) and any test near there would be a lower risk buying opportunity (with stop loss several ticks below this trendline).
The recent pullback brought it back near to the long term trendline support and with the formation of a bullish morning star pattern, one can consider to long now for a short term swing trade. The initial stop loss will be just below the bullish pin bar yesterday. And trailing stops up should trade goes our way.
There is a trendline resistence (blue line on the monthly chart) that should it be able to break above eventually (probably not anytime soon though), wold mean a longer term uptrend is probably underway.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
