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ADBE

ADBE WCA - Ascending TriangleCompany: Adobe Inc. Ticker: ADBE Exchange: NASDAQ Sector: Technology Introduction: Thank you for joining me for today's technical analysis. We will be examining Adobe Inc. (ADBE), a leading company in the Technology sector, listed on the NASDAQ. Our focus is on an Ascending Triangle pattern that has been developing on the weekly chart. Ascending Triangle Pattern: An Ascending Triangle pattern is often indicating a potential reversal or continuation of the trend. This pattern is formed when the price oscillates between a flat resistance line and an upward sloping support line. Analysis: In the case of Adobe, the previous trend was downward, as indicated by a blue diagonal resistance line. However, we are now witnessing the formation of an Ascending Triangle pattern, indicating a possible bottom reversal. The horizontal resistance of the triangle is set at $397.36, with four touchpoints recorded. Meanwhile, the rising support line, which originates at $275.20, has also been touched four times. Notably, the current weekly candle (the third touch point) is making an attempt to break through the horizontal resistance line. The 200 EMA closely aligns with the horizontal resistance, further underlining the significance of this level. A breakout – defined as a weekly candle closing above the horizontal resistance line – could present an excellent entry point for a long position. If a breakout does occur, the price target would be approximately $524. This represents a potential gain of around 32%. Minor resistance could be encountered at 446,51. Conclusion: Adobe Inc.'s weekly chart paints an intriguing picture, with an Ascending Triangle indicating a potential bottom reversal. Traders should keep a keen eye on this setup, as a breakout could signal a strong buying opportunity. Remember, this analysis does not serve as financial advice but a guiding point for your own research. Always consider your risk management strategies when trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:ADBE
by KarimSubhieh
ADBE - Rising Trend Channel [MID TERM]- ADBE is in a rising trend channel in the medium long term. - ADBE is approaching's resistance at 390 , which may give a negative reaction. - However, a break upwards through 390 will be a positive signal. - ADBE is assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:ADBELong
by wavepoint99
Adobe -> The Forgotten StockHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Adove stock is actually approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $380 level. You can also see that overall weekly market structure is about to shift bullish, we are already having bullish weekly moving averages and the overall price behaviour of the past couple of weeks is looking very bullish so I simply do expect a break and retest of the resistance and then more continuation towards the upside. On the daily timeframe you can see that Adobe stock is not creating bullish market structure yet - we are currently retesting previous daily support which is now turned resistance so I am just waiting for a clear break above the zone followed by a retest and then I do expect more daily continuation towards the upside. Thank you for watching and I will see you tomorrow!
NASDAQ:ADBELong
by basictradingtv
25
ADBE IS ON AN IMPORTANT WEEKLY KEY ZONEFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:ADBEShort
by traderchamp_
Adobe: Well On The Way 👍Adobe is well on the way to completing wave B in green, although the course still has got some room to expand the current movement. However, before the resistance at $402.49 at the latest, it should turn downwards again. Thus, the share should drop below the support at $278.23 and into the adjacent gray zone between $278.96 and $227.74, where it should then conclude wave b in gray. There is a 32% chance, though, for Adobe to continue the ascent above the resistance at $402.49. In that case, we would consider wave alt.b in gray to be already finished.
NASDAQ:ADBE
by MarketIntel
Adobe in a flag?Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61) Daily signals are mildly bullish. Price action is forming a bullish flag which has a bias to break to the upside. Trend line support is located at 327. We look to buy dips. We are trading at oversold extremes. This stock has seen good sales growth. 50 1 day EMA is at 329. Our profit targets will be 368.88 and 372.88 Resistance: 355.67 / 365.00 / 380.00 Support: 340.00 / 325.00 / 320.20 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:ADBELong
by Saxo
Weekly trade setup in ADBE for christmas/january effect rally$ADBE The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 425 before filling any of the gaps above. The gaps that are above will likely fill on the next earnings run up or early January 2023. The weekly setup was triggered the last week of October and chopped into CPI and PPI reports. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 458 with estimated time of arrival sometime last week of January 2023. Stops would be considered if the daily price closes under the 6 day ma. I hope all of you bank on this!
NASDAQ:ADBELong
by TOSOPTION
ADBE weekly bullish setup$ADBE The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 425 before filling any of the gaps above. The gaps that are above will likely fill on the next earnings run up or early January 2023. The weekly setup was triggered the last week of October and chopped into CPI and PPI reports. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 458 with estimated time of arrival sometime last week of January 2023. I hope all of you bank on this!
NASDAQ:ADBELong
by TOSOPTION
Adobe Analysis 20.11.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NASDAQ:ADBE
by basictradingtv
ADOBE INC - BEARISH CENARIOTough times for Adobe and its investors. The software giant is facing the biggest stock decline in years. The price already reached the COVID-19 bottom and it looks like this is not the end. The rapid lifting of the interest rates by the central banks means more reduction in consumer demand and lesser price increases. In the near term, sales and profit margins are likely to drop from current estimates. Adobe Inc recently announced a lowered revenue guidance for 2023 also affected by the change in the currency rates. In a short-term correction is possible to the major resistance located at the $ 300. The long-term scenario is a breakout of the local $ 270 support level and a new drop to the $ 205 support level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:ADBEShort
by legacyFXofficial
1