ADBE & AMZN Trade Plan - Week of February 5th
ADBE Trade Plan
Looking at the 2D chart that 640 level if broken guides this ticker back near its ATH’s. One of the rare tech stocks who has yet to test its 2021 highs.
If this sees a backtest of the 630-605 zone this will be bullish and likely a target for it to go back towards ATH’s. This could be a good swing trade into its ER, which occurs March 14.
They missed last ER and guided lower and the ticker did reject on the 2D chart exactly where that selloff from the ER occurred.
Below we will share our key levels, trade ideas, and strikes we are interested in…
Key Levels:
640 - I think we clearly navigated how important this level is and an opportunity for a swing trade to enter should we break through it…
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Beyond ADBE we have shared trade plans on SMH, ENPH, and this trading plan includes AMZN!Keep reading with a 7-day free trial
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