ADBE trade ideas
$ADBEFollow trend line through resistance levels and scalp winnings. Tech stock close to ATH so things could change day to day.
- AH trading has stock over 499 resistance line. If that holds try to grab at those levels.
- Would much rather enter closer to 490-495 with either a bounce off support or 200D on a 5Min chart
- Gap up on 10/1 - Only reason I could see is second wave of COVID fears driving tech again, no other news.
- Just a guess, but 509 resistance seems like BO "Breakout" opportunity
Trade at your own risk, I didn't hit your buy/sell button.
Divergence in ADBEThere is a divergence in ADBE. However, MACD points out that the price is falling and indicates that it is a matter of waiting to trade short, although the RSI points out the opposite.
It´s never too late to buy $ADBE It´s never too late to buy a stock. No one can determine wether it´s on its cealing or not. Sometimes all you need is historical data and a clear long signal.
It has been now more than 4 years since Adobe´s stock price started to increase at good rithm. For the past weeks it has been quite blurry to determine what could happen.
$ADBE has broken the triangle pattern created since its last highest, upwards. It is above the 50MA, the RSI has been latheralizing while the MACD forrest was negative. But now the MACD is about to turnaround positvely, plus the RSI is above the 50lvl. We can see this as clear long signals on a stock price to which I personally see no roof yet.
$ADBE Break of Short Term Down Trend$ADBE broke above the down trend line yesterday. It looks to me as though it is going to continue to move up for the short term here. My entry $491.00, with a stop below today's low (all my trades right now have a very short leash). My 1st target is the daily resistance level of $506.00. If it can push thru that I'm looking at $535.00... All TBD. Idea's not Investing / Trading advice.
ADBE - Elliottwave analysis Welcome guys,
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ADBE - It is completed 5th wave and now within correction. It is in X wave as abc correction where 5th wave of c will be one more high away to end the correction. thereafter expecting down cycle. but wait for confirmation.
Might be finally waking upIt has done a pretty good job of repairing the price action over the past 3 weeks. There are some other areas to repair, but if its gets through $500 I think it can make a push for $525
$ADBE Adobe Poised for a Run$ADBE Broke out of a falling wedge pattern to the upside today on the daily chart, held the 20d ema line as support and closed above recent highs. Expect to see a strong continuation move in the coming days.
Also of note, we saw some bullish unusual options activity late last week with 5k $420.00 strike (deep ITM) Jan'21 calls traded Friday vs open interest <300 or 19 times OI. These contracts were over $8k each for a total premium outlay of $42.1M - this was likely a large hedge fund trade.
Near term target - $540-$560 range by late October
Note This is NOT investment advice.
ADBE short-term shortADBE created a decending triangle.
Good chance that it will visit horizontal support line @463$ .
ADBEi think this is an obvious dip buy and good long term hold overall, holding well despite what the market's been doing, could keep coming down in the short term but i think we'll return to all time high pretty quickly when market gets going again
Tari CondorHi guys,
following the strategy W1 5% strike,
Nice Iron condor, good profit!
Enjoy your wallet!
Tari.
Rising WedgeADBE beat earnings a few days ago...yet the stock is going down? Possible Parabolic Arc. Strong stock so perhaps it's bottom is not too far away
Rising wedge patterns can be bearish as there are not enough pull backs. I was trying to draw support lines but it was difficult to find several daily candles in a row as it seems ADBE never pulled back long enough to form support.
The bottom trend line of the wedge is at 430ish and sometimes they find support there. It will most likely pierce this level though and could go down quite a bit more. 413ish to 383ish may provide support. Break out level for the prior V Bottom may also provide support
Irrational exuberance causes Parabolic arcs and rising wedges
The trend is your friend until it is not
Not a recommendation
ADBE setting off long term sell signalAdobe had some amazing Q3 results, but it was not enough to stave off the powerful technicals of a waning RSI and a steep upwards trend that was destined to correct. This one looks like its going down to at least $430, but will be a buy between $363 and $396
ADBEADBE trading inside an upside channel since March bottom. Have more than 10% potential profit with 5% stop on 460$. 1:2 profit ratio
Reporting tomorrow so extra care should be taken.
Good luck.
ADBE Wave (5) Bullish On the Daily time frame, ADBE pulling back into wave (4) support level at 460 likely setting up wave (v) rally same degree measured move targeting the 600-610 level. Potential ending diagonal pattern if wave v bullish into 560 upside is complete
