Adobe has been trading sideways for almost 9 months now, bouncing off the Strong Support level and not breaking out of the Strong Resistance level for long.
It could possibly dip to the $455 Strong Support line again and bounce up and out of the resistance around the time of next earnings report. I am taking my position now because I think this could shoot up at any moment. Will buy any dips along the way.
Could see all time highs, I might take SOME profits around $520.
Current RSI: 40
Average Price Target (Analysts): $570
Current PE Ratio: 41.5
Net Profit Margins: INSANE 40%
Total Assets: $24.9 Billion
Total Debt: $4.7 Billion
This is not financial advice, just my own personal investment plan.
It could possibly dip to the $455 Strong Support line again and bounce up and out of the resistance around the time of next earnings report. I am taking my position now because I think this could shoot up at any moment. Will buy any dips along the way.
Could see all time highs, I might take SOME profits around $520.
Current RSI: 40
Average Price Target (Analysts): $570
Current PE Ratio: 41.5
Net Profit Margins: INSANE 40%
Total Assets: $24.9 Billion
Total Debt: $4.7 Billion
This is not financial advice, just my own personal investment plan.