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Adobe

Adobe updateAs part of NASDAQ Adobe has market cap of $141.73B. Price ranging on the price target of majority of banks and investment funds. However, Bank of America and Morgan Stanley price it above $300. Company showed positive earnings over the 1-year period, next earnings date is September 17. Nice uptrend line respected multiple times. Now ranging around it and the 200SMA on 4 hour. A support zone around $277 and small downtrend line from August 8 now show price being wedged in, gearing up for the break, but failing ti make new highs, showing more selling pressure at the moment or investors taking profit. Upside break looks more attractive or wait for test of support to buy with a great risk-reward. Good Luck!
NASDAQ:ADBE
by Antonio_trader
1
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle. At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:ADBE
by InvestingScope
Bears eyeing ADBE divergenceADBE has been a beast for a long time, but there are signs the bulls may be exhausting. The daily chart is looking toppy with upper wicks of profit taking and clear resistance at 272.50, and a potential bearish reversal Head & Shoulders pattern forming on the daily. The support to break is 257 to confirm the pattern. The daily chart is setting up minor RSI bearish divergence and pretty significant MACD bearish divergence. This is one I'm going to wait for to come to me. Bearish RSI and MACD divergence on the weekly can be seen going back to November 2017 and the odds are always against the bear standing in front of a bull stock at all time highs. Any bears who took this short at the first sign of the divergence have long become insolvent.
NASDAQ:ADBEShort
by McGuireTO
2
[ADBE] Leading Tech Stocks out of the Correction!Correction? Not for Adobe! Ahead of the curve on the same breakout setup as other names like MSFT and CSCO. ADBE has the story, the ideas, products, etc. for the digital future. + Tech? + Software? + Cloud Integration? ++ Digital Media? ++ Barrier to Entry? - Overdone Media Attention? Adobe's been crafting their monopoly on digital media production tools by packaging, improving, and adding products to their most well known suite, Adobe Creative Cloud. Instead of going on and on... just think, the word Photoshop is equivalent to saying Photo Editing as Kleenex is to saying Tissue and most people don't even know what Photoshop is! They have a pseudo-monopoly on digital media production and online marketing tools for professionals and teenagers trying to be funny on Twitter.
NASDAQ:ADBELong
by NYFinancials
Adobe ADBE slowstochastic is coming up!Adobe ADBE slowstoch is coming out the 20 zone. Title is coming from a 6 consecutive loosing days and slowstochastic crossing above 20 could be a good signal of reversing. Stock strenght is above 63. Watch the stock and lets see on lower timeframes if there is a entry signal (may be 212 to 212.24). If today the stock makes a PBT&CA at 212.24 that is my entry point! Disclaimer: This is just my tought: don't invest based on this idea.
NASDAQ:ADBELong
by 03.freeman