Keep your eye on ADBE

whodi · #1 07-16-2007, 10:18 PM

It has been trading in a 3 day range with the highs at 41.55 and the lows at 40.60. ADBE formed a doji today, with the high at 41.26 and the low at 40.85 and closed at 41.06 would be a buy over the doji high and a short under the doji low. Just an FYI

Wreck_IT · #2 07-17-2007, 08:22 AM

thanks whodi

whodi · #3 07-17-2007, 10:46 PM

Adbe reacted just the way I thought after breaking through the doji high. I should of been a little more specific. It passed the doji low by only 2 cents. When a stock forms a Doji, you want a clear break in either way for the trade to determine a buy or short. The clear break was the doji high and it took a nice 50 cent pop.

Look at the chart and u will see. It should make a run at the 42 level and test the SMA 50, would love to see it break through. Thats why I am keeping my remaiining 5,000 shares. Great earnings behind them, I don't see why not.

http://finance.yahoo.com/charts#char...urce=undefined

Goods · #4 07-18-2007, 04:10 PM

Hey Whodi, do you rely on candlesticks a lot?
I've only read a little about them and wonder if it's worth looking into further. Thanks man.

whodi · #5 07-18-2007, 09:49 PM

100%, Candlesticks show you exactly what the stock has done for the day. Thats probably one of the main components in trading. Everything I look at is in Candlestick format.

whodi · #6 07-19-2007, 11:37 AM

ADBE is starting to breakout now. Would love to see it close above the 42level.

thaikarate · #7 07-19-2007, 12:11 PM

Quote:

Originally Posted by whodi

ADBE is starting to breakout now. Would love to see it close above the 42level.

Passed and going higher.

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