What I am trading in Adobe – post earnings reaction

I am currently short (a 2nd trip short today) in $ADBE and had received a few questions regarding how I trade off the 5 minute chart.

So here you go, this is what I see:

  • 20 SMA breach
  • Accumulation/Distribution down through the 0 line
  • Rising volume, RED bars

 

3 thoughts on “What I am trading in Adobe – post earnings reaction

  1. I can find no 20 SMA breach, Your chart indicates prices from 8:00 in some time zone, top of the hour. So is your SMA based on pre-market data? Thnx

  2. I trade the 5m chart every day, my rule is to use the 20 SMA. nothing fancy, based on my Trading Process.

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