Broker NPBFX offers a fresh release of analytics on Adobe Inc. shares for a better understanding of the current market situation and more effective trading.
Shares of Adobe Inc., a leading American software developer, are trading in a corrective trend at 485.00.
On the daily chart of the asset, the price is falling within a narrow descending channel with dynamic boundaries of 430.00–510.00.
On the four-hour time frame, the current wave may continue, as quotes have overcome the level of the basic correction of 38.2% Fibonacci 500.00, which increases the probability of a quick crossing of the intermediate correction level of 50.0% Fibonacci 457.00. The global target is located in the area of the channel support line, coinciding with the level of the full correction of 61.8% Fibonacci 414.00.
Technical indicators weaken the signal: the EMA fluctuation range on the Alligator indicator has narrowed almost completely, and the AO histogram is forming correction bars in the sales zone.
Trading scenarios
Short positions can be opened after the price declines and consolidates below 457.00 with a target of 414.00. Stop loss is 466.00. Implementation period: 7 days or more.
Long positions can be opened after the price rises and consolidates above the 500.00 level again with the target at 553.00. Stop loss is 485.00.
Use more opportunities of analytical portal NPBFX: signals for CFD on shares
How can a trader more accurately determine whether it is worth buying or selling Adobe Inc. shares now or whether it is better to wait for a more favorable period? Use trading signals for CFDs on shares from the 10 best technical indicators on the portal from NPBFX and make the right decisions! All registered users have free and unlimited access to minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for APPLE, FACEBOOK and other shares.
If you have any questions about the trading instruments you are interested in, you can always get a free consultation from an analyst in the online chat on the portal.
Take advantage of current analyst recommendations for Adobe Inc. stock and trade more efficiently with NPBFX.
