ADBE bull put spreadMore bullish than bearish. Would not even LOOK AT OR WORRY WITH spread unless we close below 200 SMA
ADBE34 trade ideas
Adobe Systems Incorporated (NASDAQ:ADBE) Headed For These LevelsAdobe Systems Incorporated (NASDAQ:ADBE) shares have come under pressure over the last few weeks. The stock was trading as high as $73.58 as recently as September 9. Since then Adobe Systems Incorporated (NASDAQ:ADBE) stock has declined almost 10% and is starting to get attractive for a long side trade. The first level on watch for next week which could provide a profitable bounce is $65.50. That is slightly below the 200 day moving average and there is also previous consolidation there, which should provide some support. The second level is more for conservative traders and that is $63.50. Have this chart on your watch list for next week and look to make some money at those isolated levels.
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$ADBE Has mixed signalsThere about a few short term bullishness in this stock from technical view, but the larger picture suggests the recent upside swing is about to end. From bullish view, there is a little enthusiasm buying from here as volume suggest, but in May the price printed very scary DCC bearish pattern that in most cases does not materialize but a signal for a possible trend reverse, Now, earning behind us, and price hovering at and around YTD's high, I do see downside move towards recent gap up. Position taken at and around 72.30 after price failed to push above 88.6% level
$ADBE - Do you know the way to San Jose? A Long Term: IMO, a giant of San Jose is looking for a fourth wave in this impulse. The rest in the hands of Mr Putin. Follow the blue line.
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ADBEA shame I've never looked at this chart before as it's beautiful. But it's target has been hit and price is have a problem taking out this area. I would not try long into ER.
Long setup: cup handle break outmaking handle now (1 more leg down), before we can test this break out idea @ 47.17
the target after BO confirmation is around +5.24
ADBE Potential Break Out from FromationGO long... Aggressive Entry on break up thru 45 level. More Conservative Entry break up thru 45.20.
