ADBE ChannelsChannels forming for adobe
A strong uptrend since 87' has formed
Currently it is sitting above the middle of that trendline
Listed buy zones, risk increases any entry earlier than these levels
ADBE trade ideas
ADOBE, Major Break Below Key Trendline, Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about the stock market and a single stock value ADOBE INC, we are looking at the 4-hour timeframe perspective, the recent events, the current interesting formational structure and finally what we can expect from the stock the next days, hours and weeks. I already mentioned PAYPAL some days ago which is actually building a really similar formation to the one in within this stock, I highly recommend you to watch this to have a full-depth-overview and a suitable to this stock, furthermore, this does not mean the whole stock market is building the same structure there are stocks which looking still bullish and strong while stocks which even did not rally and trading below the established all-time-highs.
As you can watch when looking at my chart is that ADBE INC just fell below this meaningful trendline which is marked in red, this trendline held the whole uptrend to the upside and is now broken to the downside which is firstly a strong bearish signal, besides that the breakdown occurred with high volume as you can see in my chart which is increasing the strongness of this move. Another factor which is also confirming the actual current bearish pressure is the fact that ADBE INC builds a possible head and shoulder reversal top formation here which you can see marked with the blue neckline and the other details of this formation, currently forming the right shoulder of this formation.
Taking all these signs into consideration we can assume that the volatile bearish breakdowns seen since the established highs aren't over yet and a great possibility is given for continuation to the downside when the head and shoulder confirm properly. When this happens and the neckline breaks to the downside the head and shoulder target zone marked in green in the 370-365 level will be activated. On the way to this target zone, there is still strong resistance formed by previous highs at 385 but when the trend is strong enough this can only play a marginal role. Overall it is a high possible bearish setup when the head and shoulder confirms which can be traded either aggressive with immediate entry or conservative with an entry below the neckline confirmation.
As more than one stocks in the bigger market cap stocks showing these bearish signs which before showed strongness and rallied to new highs, it should be considered with caution because it can indicate a follow up of other stocks in the large market-caps which can signal a possible bearish shape in the rest market, as the corona pandemic is still going on and a second way is not from the desk we should not keep the bearish perspective out of the sight now as the S&P is still below its all-time-high and did not confirm the full bullish continuation and bear-market-ending till now. We will examine how this whole situation develops and if these are just correction or resulting in bigger and stronger bearish environments concerning other stocks and main market also.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Enlightenment is under our feet as well as over our heads.
Information provided is only educational and should not be used to take action in the markets.
buy ADBE Investment pickADBE is at bottom of the channel @433. Perfect to add some qty in investment portfolio. I will add more if it comes near 418-415 zone. Stoploss will be 385 on closing basis. Target is open
ADBEAdobe Stocks (ADBE) – as you can see price formed a pullback until 4.20 and that’s why I’m recommending to go long till 4.65 USD/Share.
Adobe run it into earnings? TA UpdateAdobe run up into earnings?
Technical Update
Projected Move: Pump into earnings, take profit wait for next move. If channel is respected, we should see some movement down.
Join Easy Loot
Free Signals
Active Community
Premium Signals
ADBE or Adobe | Market Outlook- Bearish structure identified! - Possible bearish price movement towards the next support 414 within the next period.
Adobe longHere is an easy ta for Adobe long.
ADBE is in a clear healthy up-trend. Stock is moving before ER on 11 th June above 52-Week high. Next support is around 384 mark (last ATH). MACD shows no signal for down-trend.
For those, who love to read candle sticks there is Bullish Engulfing Pattern follows by hammer compared with higher volume.
So, I would say you have two options:
1. Wait for the dip around 384 support
2. Buy now and buy again on next dip.
Well, Fed is talking today that could have an impact on market. Take a look on this and go long ADBE on dip.
Good luck for your trading
Any comments are welcome :)
ADBE SELL!I get my SL...shit, but now i will get my many back :) and most likely on top of that ill make some p. money.
In this case my RR will be a bit higher this time and it will be 2:7
adobe analysis in daily (TESTING)my be after this hight tendance of adobe chart the price will going down agine
#adobe - #marketcrash 2.0Just like #apple -
Bearish Divergence printed, expecting a retrace to Red long term trendline & Fibonacci levels on chart
