Adobe Trading Analysis (07/07/2025)
The stock is trading within the 365-135 EMA range. The downward truncated wave structure ended when the pivot 2 of wave C was breached. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition. An entry point is forming at the pullback B with the truncated C.
Trade idea:
- Buy at the breach of 383.00.
- Stop-loss at 372.50.
- Price targets are 397.00 and 416.20.
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