ADBE trade ideas
Shall we get opportunity buy ADOBE share at ~70 USD again?Hi Friends,
I could be wrong here. As per weekly charts, ADOBE share is trading inside parabolic curve and it is near to break down. If we get a breakdown within 2 or 3 weeks, then I am assuming that ADOBE will be corrected ~80%, close to 70 USD / share within ~18 months.
Let's see.
Regards,
Vikram Divekar
Daily ADBE stock price trend forecast analysis11-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
READ MORE: www.pretiming.com
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -1.2% (LOW), -0.6% (CLOSE)
%AVG in case of rising: 1.5% (HIGH) ~ -0.7% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.6% (LOW), -0.8% (CLOSE)
Adobe touching the top of the channel. I'm initiating PutSpreadADBE
Touching the top of my channel, on low volume. Move today isn't valid IMO. Opened short term putspread.
ADBE Gaps Over Short-Term ResistanceADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
Daily ADBE forecast timing analysis by Supply-Demand strength19-Jun
Stock investing strategies NASDAQ:ADBE
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: In the midst of a rebounding trend of upward direction box pattern stock price flow marked by limited falls and upward fluctuations.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 1.3% (HIGH) ~ -0.1% (LOW), 0.5% (CLOSE)
%AVG in case of rising: 1.9% (HIGH) ~ -0.3% (LOW), 1.3% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.7% (LOW), -1.1% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$ADBE ER gap into daily resistance Watch 291 levelSome of these ER plays have be putting in big open vert bars through chart highs Watch 291
ADBE Day Trade Potential Go For It !ADBE is looking strong today ! The earnings came out better than expected so we have a good catalyst. Looking at the chart it needs to get above 291.71 if it breaks that it will be clearing the all time highs and that's bullish (going up). Currently the stock has surged after hours on Tuesday. I would go long on it once it breaks the all time highs and start taking profits near 295 as there is an ascending resistance trendline that I have drawn. The market ($SPY) needs to be going up for this trade to work. I will be using my 1 min chart for entry, and 5 min chart for managing the trade. I would not be interested in shorting ADBE only going Long on it.
ADOBE near buy pointAdobe yesterday reported financial results for its second quarter fiscal year 2019 ended May 31, 2019. The after hours price is around 288.50 (+4.23%). Watch 291.81 as a buy entry if the stock breaks out with high volume.
$ADBE It's usually a better idea to wait until after earnings.Adobe earnings are expected to be very good tomorrow but we would not recommend buying it pre earnings, historically it has a habit of selling off regardless of the earnings results. The stock hit our previous target of $290 and we expect that the pullback has a little further to go, it must also be considered that the valuation is very high, in a market where investors are rushing for value.
P/E RATIO 51
AVERAGE ANALYSTS PRICE TARGET $298
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle.
At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310.
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ADBE small double top MACD divergingSaw ADBE yesterday in this pattern MACD has been diverging down for some time. The MACD divergence indicates price should be at $275. OTM options are a taf expensive. June 21 expiration 267.6 puts are at 3.10. might be worth a couple of contracts.
$ADBE topping business cycle$ADBE long term chart looks terrible. I would say if this goes then can indicate software for business is slowing and not an indication of a growing economy. Will check back after summer rally to see.
