ADBED trade ideas
ADOBE correction 2022Keeping the analysis that the correction of the companies had to come back to the original value (channel 2018-2019)
Here is ADOBE CORRECTION
ADBE LONGAdobe Inc (ADBE) has reached a strong Monthly demand level around 510.97 price level, A bit still expensive for some folks but a good area with jump in. This is a great opportunity to buy ADBE for those of you who trade Stocks.
ADOBE forming Inverse Head & Shoulder after bullish divergenceThe bottom is in for Adobe.
One more leg down to form the right shoulder.
Pls see chart.
Adobe has very good fundamentals & a lot of moat.
A top choice for value investors having down so much.
Not trading advice
ADBE: Divergence spotted; correction ending soon.Adbe shows divergences on many indicators. However, it still has to break about dma20 to be bullish.
Next resistance is 507 & 537.
ADBE has very good fundamentals & a lot of moat. It has fallen severely more than AMZN & MSFT.
Chance to slowly accumulate it cheap.
Not financial advice.
ADBAWith macro risk and weak $NF LX guide, $T SLA price momentum going into earnings unlike any other: -21% since Vol Day vs normal +19%; -10% pre-Vol Day vs +22% normal. With Fed mtg Wed, TS LA may get no relief until EPS print. Best comps: 2021 2Q and 3Q +8% and +20% 5 days post-EPS.
ADOBE (ADBE) looking for solid supportADOBE Inc. (ADBE)
The first support point at $ 500 has been reached, now we remain in the evaluation if a further correction to the price $ 470 will be necessary and the last one at the indicative price of $ 400 in the movile 200 average area (blue line) on the 1 week chart .
If the price were to fall further by drilling down the moving average 200 we could speak of a down trend and no more than a simple retracement.
NB: with the previous TOPs and the RSI inclination we have witnessed a downward divergence on the RSI
ADOBE looks bullishAdobe Inc., originally called Adobe Systems Incorporated, is an American multinational computer software company. Incorporated in Delaware and headquartered in San Jose, California
Adobe: Selling at 38.2% Fib LevelAdobe - Short Term - We look to Sell at 602.00 (stop at 627.00)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 605.00. 20 1day EMA is at 602.00. We have a 38.2% Fibonacci pullback level of 599.72 from 699.50 to 538.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 538.00 and 515.00
Resistance: 600.00 / 650.00 / 700.00
Support: 550.00 / 525.00 / 500.00
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ADBE looks interesting hereAdobe is down 26% from highs and has just returned to a long-term support zone (ADBE traded in this range for almost a year). Lower indicators suggest this is a good range to consider a long. My only hesitation is an all-but-certain looming Death Cross (where the 50 EMA crosses below the 200 EMA). ADBE hasn't seen a Death Cross on the Daily Chart since July 2011 where it subsequently spent about half a year in a bear market. The Death Cross *can* be avoided, but it would take a substantial bounce. I expect the Death Cross will happen, but I can see at least a moderate bounce as bulls try to make their case. I'm considering a small position here.
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These are my personal views and not financial advice. Please do your own research before investing.
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$ADBE has given back any 2021 exuberanceCould trade down to $450 - 470 area in this "QE tapering" (risk-off) market.
Near term sentiment negative, daily price movement unpredictable, value still somewhat rich.
Wave 5 completion and long at key levelMedium Term, 5th Wave completion near key level. RSI near low level, expect a 4x Risk Reward Ratio buy.
ADBE: Love it at $520-$525Bought some ADBE lottos down here at $523 this morning. Looking good if market settles.
ADBE RETEST AGAIN AND BOUNCE BACK FROM STRONG SUPPORTAdobe Systems Incorporated (ADBE) is a large diversified software company that operates worldwide. The company deals in digital media and cloud services that allow customers to access the latest versions of its creative products. The stock had been a big winner over the last couple of years, more than doubling since the start of 2020. However, a recent disappointment in earnings erased the last few months of gains. With earnings estimates starting to fall, investors are now concerned that the bull run might be over.
The guidance forced analysts to drop earnings estimates for all time frames. For the next quarter, we have seen just a 1% drop over the last month, falling from $3.37 to $3.34.
But the stock bounce back after the false breakout and step again above $550.00 per share and above 50-Fibonacci retracement level drawn from March 2021. The stock gapped lower after EPS and then took out the 200-day MA and continued to lows not seen since June. If the bears want to push this stock lower, they must take that $550 level out and could push to the $450-500 area.
If the bulls want to gain some traction back, they need to take the $593.00 and 61.8 Fibonacci retracement level and then fill the gap at $600. Our statistic software notes a bullish pattern with a peak return of 4% in 1 month and a probability of 72%. Until then, the sellers will stick around.
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Buy ones that grow historicallyThey say what grows will continue to do so. There're stocks at chart I've been watching recently. Here's the result top 5: LRCX , TEAM , KLAC , TCS , APPL
ADBE weekly Wolfe Wave Bearish 1/2A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
ADBE Long Cup and Handle to Close GAPChart currently forming a cup and handle to retest $583.
KEY LEVELS:
$583 (resistance)
- If broken, could close gap to $600
$550 (Support)
- If broke, could fall to $500 and more.
ADOBE BIAS: UPPrice stalled at major support. Possible retracement end here, expecting some bullish movement from the support zone.
ADBE comeback in the making?Hi everyone, first of all thank you for taking the time to read this, hope you’re having wonderful holidays! I was going through ADBE and to me it seems that the downswing which has lasted all throughout this last month might have come to an end. Currently we seem to be in a support zone and these last days have luckily show some green and climb back might be imminent. Daily RSI also seems to slowly be going up again and we could see a climb back to the previous resistance level. Since I’m quite a fan of EMA crossovers I don’t really like the fact that the 14 EMA is still below the 21 EMA though. A climb back tot 660 level could happen soon though. Keep an eye for this one is my advice. If you made it this far I’d like to sincere thank you for reading this and hope you have a wonderful day. Any feedback (whether positive or negative) or likes are of course really appreciated. Have a good one friends ✌️!
