Adobe Inc. (ADBE) is one of the super and best stock to buy as of April 6, 2019. It’s a big cap growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a slow, but steady run ups for most part of 2017-2018.
3. The run ups also followed by nice consolidations.
4. The stock found support at the 50 day moving average line, all along.
5. The stock had a wild consolidation in later 2018, along with the broader market.
6. The stock bounced back from the consolidation.
7. The stock appears to be a nice and quick consolidation.
8. The stock also found support at the 50 DMA.
9. The volume was running low during consolidation.
10. The ideal buy point would be $269.80 – $283.29.
