ADOBE.
Prices are currently searching for resistance. I think prices may continue to surge to highs of 214. If prices break above 208.00 with significant volume we could have some buy opportunity, a real chance to go long. I think that you should be very conservative with your contract size on this trade, regardless if our Target Profit was met I'm anticipating a sharp reversal so you may want to get out and wait for a short position.
However
We could see prices continue and then reverse at the 218 Region.
For now I wouldn't go long pass these two regions.
Vol: 539.745K
EPS: 3.43
Market Cap: 99.781B
P/E: 60.01
Prices are currently searching for resistance. I think prices may continue to surge to highs of 214. If prices break above 208.00 with significant volume we could have some buy opportunity, a real chance to go long. I think that you should be very conservative with your contract size on this trade, regardless if our Target Profit was met I'm anticipating a sharp reversal so you may want to get out and wait for a short position.
However
We could see prices continue and then reverse at the 218 Region.
For now I wouldn't go long pass these two regions.
Vol: 539.745K
EPS: 3.43
Market Cap: 99.781B
P/E: 60.01
