Strong weekly candlewatch for a break of last weeks highs, if software is strong this should go, Feb 19 500c
ADBE trade ideas
$ADBE short term target 490ishRegardless $ADBE can break the consolidating pattern soon or not the short term momentum is up and 490 should be reached in the coming days. $ADBE is a long-term bullish scenario.
ADBE - Follow up - Getting ready to rallyOn my previous post a few days ago, I highlighted this orange zone from which a bounce is highly likely if the primary count is correct.
Today we are seeing it go up with other mega caps.
Right now it look like it's making a 5 wave advance which would be a great bullish sign but we only have 3 waves up for now.
I already have a position here but I will look to add to it if we get 5 waves up followed by a correction lower which needs to remain above 453.2 !
Adobe shares nearing good buying levelsShares of Adobe (NYSE:ADBE) have pulled back nicely to the support level of a descending triangle. The share is also now within 3% of its 200MA. I will be keeping a close eye on the share in the coming days for a long term buying opportunity. This is a strong technology company with good prospects and prices are now at August 2020 levels.
Im looking at a price target of around $530 (17%) and a stop at the $425 level, given a conservative risk reward ratio of 2.2. Other supporting indicators are the MACD and RSI which both support the position that the stock is reaching oversold territory.
$ADBE currently trading at early July 2020 pricingIt's worth putting on your watch list. If you squint just right, it "maybe" looks like it is trying to enter a downtrend.
I'm not going call it oversold here, but think it is close.
I'll probably open a trade in $ADBE if it hits that $440 area.
I own shares from many years ago. Rarely trade it. It falls in that Software Infrastructure group with MSFT and ORCL among others.
ADBE short with LONG entry levelsADBE just broke the support around $463, and we are heading to another support around $438. This could be a good entry-level for long positions. The area from $417 to $438 is a big support zone.
ADOBE INC is a strong company with a strong base of customers. The perfect subscription model with a monthly fee and irreplaceable software that is used worldwide guarantees stable profits.
Entry levels LONG positions:
$438
$423
$417 - STRONG BUY
ADBE Becoming OversoldI am bringing to attention that ADBE is at an oversold territory, it is due for a bounce back up anytime soon. With any sign of momentum, oscillators will quickly be pointing towards a buy for Adobe. I would not suggest buying at market open, but rather look for a reversal on macD or similar oscillator.
I wish you great prosperity in your trading thank you for viewing.
ADOBE INCin the short position the price will increase, but in general the price will decrease after the shape of the triangle📉Leave your feedback in the comments.
Adobe / long / 21 day trade prediction. ( for study )NASDAQ:ADBE
This is a test entry post (no1) to examine platform and explore personal study / theory only.
ADBE BUY OR LONG , TARGET $540+ADBE confirmed a pattern "Wedge Falling" , i opened Long (Buy) here :
ADBE buy : $488
ADBE target : $540+
Stop loss : $460 or 6% .
Wish you a good deal!
ADBE to follow Chyper and rebound to break flagif cypher pattern created, candles will reverse at D point and searching to break flag to continue bullish
ADBE - 2 way this could play outWe have 2 possiblities here.
Either we are in a complex WXY correction which would then take price towards 415 i n a corrective fashion similar to the dotted line drawing.
or
we are finishing a Flat corrective wave 2 pattern in which case price should remain above the invalidation level at 439 .
The usual termination point for wave (C) of a Flat pattern is the 100% and 127.2% projection of wave (A) from (B) but the 127.2% level would be below the invalidation level, therefore we can discard it for this setup.
100% level comes at 451, which is also the 78.6% retracement level of wave 1, known also as the last line of defense for bulls.
So, price needs to ideally remain above that level if we are to see higher prices.
Note also that any move above 505 even before touching the 451 level should be considered as a big bullish indication!
$ADBE | Adobe Inc. [Update] Bullish WedgeA bullish wedge formed after breaking out of the larger channel.
Watch for a breakout.
Good luck
Bullish Flag $ADBEAlmost the same analysis as $SOLO but different sector and industry.
Bullish flag on ADBE. Already had the volume spike on daily and also had the WMA crossover on hourly. Short put verticals at strikes 470/460 for 01/08 expiry
Short term opportunity on ADBE Today, we will show a bullish setup we have seen on ADBE.
a) The price has broken a major Descending structure
b) Now it's above a resistance zone
c) We can see a corrective structure on the mentioned resistance zone
d) If we have a breakout on the Green line, we will consider the analysis active / The same scenario for the red line (Invalidation of the analysis)
e) The TP1 area can be used to close the setup or move the stop loss to break-even (that is what we will do)
f) We are aiming for a final target at 533.10
g) This setup can provide a Risk Reward Ratio above 2
h) We expect a resolution between 10 to 20 days
