ADBE
ADBE higher high higher low; Target of Inv H&S id 555ADBE just broke above some resistance lines as shown in the chart. Here I used GANN lines.
It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there
Will be a huge upside with TP at 555.
A fundamental very good company with a lot of moat.
Not trading advice
ADOBE INC - BULLISH SCENARIOA new bullish opportunity comes from Adobe Inc.
Higher lows and higher highs are forming an uptrend price channel with a reasonable risk-reward ratio.
1st resistance is 0.236 Fibo level located in the middle of the channel at $425.
2nd resistance is located at $ 460.
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ADBE ADD TO WATCHLIST!🔸️Ticker Symbol: ADBE🔸️Timeframe: 4 Hour🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: ADBE on the 4H timeframe is setting up nice to see an increase in value if we can stay in this current trend. Our white line representing money momentum on the bottom dashboard indicator is shifting to the upside and we also have a green middle band illuminated meaning bull market momentum. The final confirmation that I want to be looking out for is a green dot meaning a key ema crossover to the upside which would just give me added confirmation that taking a long position on ADBE could result in some nice gains. Thanks for following!
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ADBE: TRENDSI ATS CONFIRMATION; ADBE IS TO REACH 415Ticker Symbol: $ADBE
️Timeframe: 4H
️REJECTION OF 200SMA
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
LINEAR REGRESSION + TRENDSI: AT THE BOTTOM, WHICH IS AT THE SUPPORT
REJECTION OF 200SMA ON 4HR AND REJECTION OF 50SMA ON DAILY TF
RSI OVERSOLD AND STOCHASTIC SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
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Adobe - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ADBE is overall bullish trading inside our brown rising broadening wedge and it is currently sitting around the lower bound so we will be looking for trend-following buy setups.
For the bulls to take over, we need a break above the gray minor support/resistance zone.
Meanwhile, ADBE can still trade lower and dive inside the blue rejection zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ADBE, DailyAdobe Inc. ADBE. Daily
NASDAQ:ADBE
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This is not photoshopped - Adobe heading lower?Adobe - Short Term - We look to Sell at 380.40 (stop at 401.40)
The medium term bias remains bearish. The gap open from 10/06/2022 to 13/06/2022 has now been closed. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 321.30 and 256.00
Resistance: 392 / 426.42 / 441.90
Support: 357.56 / 338.00 / 320.90
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Adobe - Still to Fall or Has It Reached Support Area? Is one of the leading digital media companies Adobe already attractive for investors?
Let's look at fundamentals and technical aspects.
Fundamental indicators:
Revenue and Profits - demonstrated consistent and explosive long-term earnings growth over the past 10 years
Profit margin - impressive 40% in 2021
P/E - still overpriced with 37x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
The sharp drop in March 2020 has completed a Running Flat correction that lasted for more than year and a half
Since then Adobe has enjoyed over 170% gain in its share price with a clear impulse movement
Having peaked at nearly $700 in November 2021 it has completed global wave 3 that started in August 2011 - very lengthy growth cycle
And hence it is time for even longer correction than the one we observed in 2018-2020, the duration target is end of 2023
Global wave 4 has already started with rapid correction from the historic high, the potential support levels using Fibonacci retracement are 0.5x and 0.618x, $360 and $280 respectively. But given still quite high P/E ratio it is more likely for Adobe to reach lower level of this zone
Once support is found then we are likely to observe a very lengthy corrective movement in the range between the lower support level and the maximum price of $700, which will provide short term opportunities for bull and bears
What do you think about this scenario for Adobe ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Adobe (NASDAQ: $ADBE) Wicks Thru Golden Pocket! 🕯️ Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.
ADBE respecting this channelADBE has been riding inside this channel for months now. (Zoom out in the daily TD for a better view)
Give market weakness, i would favor another leg lower after rejecting at the top of the channel.
However if it breaks to the upside, could see a strong push towards $460.
Short-term Bullish on AdobeI'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's a good chance we see bulls step in over the next few weeks. I'm interested in increasing my exposure here.
Good Luck
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