ADBE (Adobe Systems Inc.) offers an objective short entry on this gap down below the price channel following the divergent high & yesterday’s bearish engulfing candlestick & will be added as an Active Short Swing Trade around current levels.
ADBE daily July 14th
The price targets are T1 at 411.45 & T2 at 388.92 with the potential for additional targets to be added, depending on how the charts develop going forward. The suggested stop is 456.40 and the suggested beta-adjusted position size for the trade is 1.0.