Adobe Trading Analysis (30/01/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The upward truncated wave structure ended with the breach of the pivot 2 of the wave C. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell on the breach of 437.90.
- Stop-loss at 445.80.
- Price targets at 427.70 and 406.50.
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