ADBECL trade ideas
ADBE - Long for the Long-termHave just initiated a long postion on ADBE. Strong company that has shown resilience over the last year. I see this as a good entry point upon market shake-off.
Some fundamental stats that make me bullish and positive on this one (as of Feb2021):
- 3 Year EPS Growth Rate: 29%
- 3-Year Sales Growth Rate21%
- Annual Pre -Tax Margin42.3%
- Healthy CashFlow from Operation, which leaves enough room for further investment
Adobe channel trade / Dip buyBought the dip on Adobe today after the Nasdaq found its bottom near 12985 fib.
swinging this out to channel top for a 7%move. highlighted last few channel bottom touches.
stop loss 458
Long ADBE trigger & PTsADBE had a bit of a selloff on Friday. Here are the levels I'm watching for ADBE for next week.
#RedDevilTrades
possible inverse H&S on ADBEAdobe is currently testing the neckline on the possible inverse head and should, some might argue that it is a pennant formation . its ok ...what we need to see , is the market breaking with vol and close above the neckline, to avoid false breakouts , we need to allow the market to retrace and find support
Adobe break outThey really snuck that money in the last 10 mins . Alert kicked in at 497 , i entered at 498. If the market holds up I expect a big week from adobe and wouldn't be surprise if some great company specific news arises. link to my previous post on this and explain down below.
Stop loss at 495
Bite dustIs there anything good about this chart? I mean seriously! The short has been on for a while since ShawnZ signalled sell on the daily and weekly. Since then, it has been setting lower lows and lower highs. Will Monday be any different? Given the entire market is weak, why would anyone buy this? From TA perspective, the only daily SMA left below this stock is the 200 daily SMA. I am bearish on this stock. Its Daily, Weekly and Monthly suck. If we are midst of a simple pullback in the overall market, a 10-15% retrace is possible. If conditions worsen, who knows. No positions.
Caveat emptor and good luck!
Watching a very clear bull flag consolidation periodThis is very likely a bullish trend, but it's better to react on a bull break. Any sort of market uneasiness could cause a bear break, so don't count your chickens before they hatch!
If consolidation continues, then we should get a break within 1-3 months.
$ADBE basing for another move higherAfter basing for the past 6 months, it looks ready to go north yet again.
ADBE reached our targetFinally, $ADBE reached our target, I am expecting the market to be volatile in the coming days so this one can cool off, however, the long term view on $ADBE remains bullish
ADBE in focus!Adobe is not acting well compared to overall market but it is acting very well with it's tight price action. make sure to set an alarm to play this break out. last earning hand 74% surprise. not actionable right now but if the market pulls back and adobe shows relative strength will add a position.
ADBE attempts to break outAfter consolidating for a good 5 months since September 2020, ADBE appears to be attempting a breakout (finally) out of the symmetrical triangle. If it can hold on to 500 for a couple of days, that will confirm the breakout.
$ADBE 5 Months Symmetrical TriangleAdobe has been moving sideways in the last 5+ months forming a symmetrical triangle pattern . The stock has been in hibernation similar to $NVDA but that was not the case from 2011 to 2020 when the stock had a 2230+% run! A breakout from the 5 months symmetrical triangle to the upside could signal the end of this consolidation phase and the start of yet another leg higher.
ADBE entry LEVELS LONGADBE is waiting for the next movement. Let's see if we hold UPTREND. You can BUY with a breakthrough, but it is pretty risky. Better to wait and start BUYing around $452. If we go lower next SUPPORT is $438.
LEVELS LONG:
$452
$438
$425 - STRONG BUY
$417 - STRONG BUY
Adobe breakoutShowing an overall Symmetrical triangle pattern but inside I've spotted an inverted head and shoulder pattern. This break out could be huge. My entry point would Be 506 with stop loss at 500.
Overall breakout might depend on market conditions. It'll be hard to breakout with the Nasdaq down 50-100 points unless some company specific news surface
Pending Pennant Breakout?Following a 6-month consolidation and a successful re-test of the 50 period Weekly SMA, a bullish break of the pennant favors a move toward the Yearly R1 @ 605
ADBE Preparing to Breakout off RetracementNASDAQ:ADBE FWB:ADB NASDAQ:ADBE
ADBE is completing the retracement wave - symetri triangle.
Long upon breakout for next impulsive wave.
Something to watchPosting from my phone so I can't explain how my confirmations form when price is in my POI
