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March 5, 2021, 1:24 a.m. EST

How to Develop Trading Plans for Adobe Inc $ADBE and other Stocks

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Mar 05, 2021 (Stock Traders Daily via COMTEX) -- According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Adobe Inc /zigman2/quotes/200389143/composite ADBE -0.44% to foretell upcoming changes. A current example is provided below. There are trading plans for ADBE, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for ADBE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ADBE Report.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

The technical summary data is suggesting a short of ADBE as it gets near 482.81, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 484.2. 482.81 is the first level of resistance above 439.06, and by rule, any test of resistance is a short signal. In this case, if resistance 482.81 is being tested, so a short signal would exist.

COMTEX_382183695/2570/2021-03-05T01:23:42

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 480.62
-2.12 -0.44%
Volume: 1.40M
May 18, 2021 4:00p
P/E Ratio
41.81
Dividend Yield
N/A
Market Cap
$230.75 billion
Rev. per Employee
$571,371
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