Adobe is Up for the 2nd Day in a Row

The Hourly View for Adobe

At the time of this writing, ADBE’s price is up $1.08 (0.29%) from the hour prior.
It’s been a feast for bulls operating on an hourly timeframe, as Adobe has now gone up 5 of the past 5 hours.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Of note is that the 50 hour changed directions on ADBE; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Adobe’s hourly price chart is shown below.

Currently, ADBE’s price is up $5.62 (1.55%) from the day prior.
The daily chart shows that Adobe has seen 2 straight up days.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Divergence between ADBE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ADBE’s price.

Below is a daily price chart of Adobe.

Buy the Dip: 3 Stocks to Buy Today and Hold for the Next 3 Years – newsfeedback@fool.com (Royston Yang)
June 22, 2022
Here are three stocks you can scoop up today and hold for another three years to wait for a good outcome.