ADBE34 trade ideas
Bearish on Adobe. ADBEWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
ADBE Long - Bullish
I decided to enter a long trade on ADBE before the market closed today. ADBE is a fundamentally strong company with a wide moat/competitive advantage. Despite the company beating its most recent Earning estimates, the price of Adobe dropped by -23.50% ($164) from its previous high ($702) over the last 29 days. Due to the strong fundamentals I believe that the current correction was an irrational one and typical of market behaviour in the short term. In the short term the stock markets are not guided through rational price movements, rather its driven by market manipulation, news and events. Due to the above I was satisfied with the current short term discount of ADBE it is currently below its intrinsic value.
In addition to the fundamentals discussed above, the technical analysis shows a potential reversal in the stock price. My conclusion comes from examining the following and as shown on the attached chart image/link:
- Fibonacci Retracement
- Bounce of the 50 SMA on Weekly Candles
- Bounce of the previous resistance/current support level
- Breach of the previous swing low candle and price reversal above it
- Bullish Hammer candle pattern
Due to the above and as per my image attached, I believe ADBE will go long, my profit target exit price on the trade is denoted by the TP levels in the attached image @ approximately: $615, $640 or $660.
I entered a long trade with 100 shares. Hopefully this has been helpful for the trading community.
Thank you,
Bojan Cerberus
$ADBE Astro +Geo Alignment Found several heliocentric cycles in price action, conversion from degrees to price is close to $332, which is almost exactly the geometric price alignment of $331.40 on 3/31
Adobe with possible 8-12% short-term returnHey Trader,
please see my current idea on the Adobe stock where my count suggests a return of around 10% by longing this stock.
For further informations please see below,
RT
ADBE, 4 Hrs, NASDAQ:ADBE
ADBE, 4 Hrs , Crab Harmonic Pattern
Buy @ 461.95 - 450.14
Sell @ T1: 546.92 , T2: 606.71
Stop Loss: 441.28
Please. Read the disclaimer, and do your own diligence.
------------------
DISCLAIMER:
I am not a financial /investment advisor. All information i am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$ADBE - Puts < 550.5 | Calls > 560$ADBE - Puts < 550.5 | Calls > 560
- Big trend line broken
- Watch for retest to this trend line at 614 level before next drop
- Dropped below weekly 21 ema
- Weekly inside & outside bar formed
- Weekly levels posted in chart
Adobe LONG +11%ADBE. Let's try to make money from rebound from resistance on 1h timeframe.
Take profit ≈ $624 (+11%)
Stop lose ≈ $548(-2,3%)
this is not a financial recommendation.
Take care.
Adobe post earningsSupport of this rising wedge is at 578.. If it falls below there, then that means Adobe bubble has popped and we're headed back to 443.
Long over 580
Short below 570
Bullish RSI, CCI and OBV divergenceAdobe has traded up off the trendline today and formed bullish RSI, CCI and OBV divergences.
ADBE - Daily/Hourly Inverse TrampolinesADBE recently provided a shorting opportunity
via dual Inverse Trampolines. Nothing new here,
just the same old routine.
Wash, rinse, repeat.
Whatever "trigger" for entry you prefer can be
utilized given the dual Moxie Inv. Tramps.
ADBE - STOCKS - 27. OCT. 2021Welcome to our Weekly V2-Trade Setup ( ADBE ) !
-
4 HOUR
Bullish price action!
DAILY
Closed above main support level..
WEEKLY
Looking for another wave!
-
STOCK SETUP
BUY ADBE
ENTRY LEVEL @ 640.82
SL @ 593.48
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
BUY THE DIP // ADBEWILL KEEP UPDATING
EEEEEEEeeeeeeeeeeeeeee
eeeeeeeeeeeeeeeee
eeeeeeeeeeee
eeeeeeeee
Bullish move - cup handle Bullish break out with higher volume on daily
entry $679.06
Risk 5.5%
Reward 17- 21%
Not financial advice. Please use proper risk management
Adobe is at its peak (700)I'm hopped in a short earlier at 698.. Bump the top of its monthly resistance here. Although it's not as overbought as its last 2 touches it needs to be noted that NDX is at the top of its resistance
$ADBE Cup and handle breakout$ADBE with the beautiful chart here. These are exactly the breakouts we like to see. The only issue is all breakouts seem to fade rather quickly right now. Either way, it is a great company with a lot of future growth.
ADBE Potential ATH BreakoutWatching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
Cup and HandleClose to long entry level. The top trendline of the triangle is resistance and also the cup high, so more resistance.
Earnings 12-16.
Cup low is 552.14
Depth is 121.74
Mid cup is 613.01
No recommendation
Adobe Looks like Adobe is about to complete the cup and handle formation with the breakout resistance at $673.81. I only hunt for this formation to enter most of my trades. If breakout is successful with high volume, this can be a good trade setup.
This might be an ABC patternOk, this is a possible "ABC pattern" in the long term, if it can break the resistance of the ATH then the next would be on 720, but we need confirmation, otherwise it could be a "double top", also it might be forming a rising wedge, so it could mean a reversal soon, remember to set a SL and TP, money management is key to success. Waiting...
