ADBE Trade

i added a small position in ADBE this morning, with a very close stoploss. i really didnt think this one through… i was just bored and i felt like buying something. 

i saw ADBE finally turn green on the intradays while touching the bottom trendline, so i thought i’d go for it.  in the big picture, the stock is obviously trapped in a death spiral, but it could be ready for another bounce. however, just because a stock is low doesnt mean it wont go any lower.

im hoping for a bounce back up to the 50SMA (~$29) before it heads back down again?

anyway, just in case i bought myself into a bull trap, i’ve set a stoploss at $26.21 so i dont really lose anything if ADBE continues to plummet (its not a smart time to invest in tech). also today, ENG took off without me, so that sucked.

oh and also, i’m aware that the site was down for over 7 hrs yesterday. i’ll be contacting the webhost to see whats going on. thanks for the emails notifying me about the problem.

EDIT: fixed the hyperlink on the chart. sorry about that.