Bite dust

٢٩ يناير ٢٠٢١

Is there anything good about this chart? I mean seriously! The short has been on for a while since ShawnZ signalled sell on the daily and weekly. Since then, it has been setting lower lows and lower highs. Will Monday be any different? Given the entire market is weak, why would anyone buy this? From TA perspective, the only daily SMA left below this stock is the 200 daily SMA. I am bearish on this stock. Its Daily, Weekly and Monthly suck. If we are midst of a simple pullback in the overall market, a 10-15% retrace is possible. If conditions worsen, who knows. No positions.

Caveat emptor and good luck!

١١ فبراير ٢٠٢١

تم إغلاق الصفقة يدويًا

All I had to do was comment to further downside and ADBE does an about turn the very next candle. Perhaps, I should start charging companies to write about them to turn their ticker in the direction they want to go :)

١١ فبراير ٢٠٢١

تم إغلاق الصفقة يدويًا

bad idea!