$ADBE Adobe Continued Ascension

ADBE Adobe looking like a solid buy after tagging the lower trend line yesterday (while holding the 50d ema) of a tight bullish channel it's been riding since late 2017. RSI has not dropped below 40 this year and reversed off that level today. Adobe is a solid company with a great track record of earnings beats. Two possible trade targets below.


Short term target - $258.90 (previous ATH)
Medium term target - $270.00 (upper channel limit)








Note: Observation/opinion, not investment advice.