Upward channel Adobe has been in an upward channel since Septemebr 2013. Though overall stock market has been volitional the channel thus far remains intact. As long as the bottom support line holds up it looks like ADBE will continue to rise.
ADBE trade ideas
$ADBE - Model Eyes 97.11 Reversal; Geo Sees 46.85 TargetSYNOPSIS:
Predictive/Forecasting Model sees reversal at 97.11
Geo's Off-Set Rule #3 sees support at 46.85
Interim Bullish support expected at 66.60
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, CO - USA
Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView: www.tradingview.com
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Short ADBEI want to start by giving thanks to the fellow member, Jangoshee, for pointing this little gem out. We have price breaking down into a clear five a structure and now making a wave 2 correction to the upside. I plan to sell in the .618-.764 fib area, and then more on a clear breakdown. I have added two ris's with different settings, as i find both settings help me confirm a trade setup. The standardized rsi helps me confirm the trend i want to trade as noted on the chart, and the smoothed rsi helps me identify divergences (also noted on chart with blue lines), as well as the coming top. Good Trading.
Time to another retracement before a rally ? // IF=THEN ®NASDAQ:ADBE
Bearish divergence on RSI, looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$;
Second target around the 61.8% retracement @79.66$;
The last one, a full retracement back to the 70$;
How to trade this:
Open a short position that can be divided into three, example 3 lots, 0.3 lots, or even 0.03 lots...
Once we get the first target, we will close 1/3 of our position and move SL to breakeven;
Once we get the second target, we will close another 1/3 of the position and move SL above the first target, and the last 1/3 to the 3th target to let it run with no risk at all...
Safe trades;
Adobe System(ADBE) has a nice short setup!!Adobe System has given a recent correction after a long rally. That correction would be a Wave A correction and since then it has retraced back to 61.8% fib which is also the trendline resistance making a Wave B. One can Go short now with stoploss just above the recent high and Targets atleast towards the same lows where the channel line support comes making it a Wave C correction and a Wave 4 completion. Happy Trading!!
Long ADBEUptrend on the weekly and daily charts with enough room to the upper resistance line of the range.
The HL above rising 5d VWMA provides a good RRR
Champions Amongst Red : ADBEBreak Descending Wedge, Bullish Engulfing Confirmation, Major Trend Up. Low IV suitable for buy call,Bounce on Fibs 61.8
Adobe- Bullish SentimentFriends,
We are hoping the morning star signal will give the propulsion necessary to bring this stock above the channel resistance
I am showing both the daily and weekly chart of Adobe, both, even in sync are incredibly bullish. I really like this trade.
This has technically broke out already, but it's still a nice time to buy on a pullback on a lower time frame. Even if the price stalls at the channel top, you make profit. If it goes for next target you make bigger profit.
Using my risk techniques, i managed to get a 6 to 1 reward ratio on breakout target whilst being complacent with the stop loss. So this trade is definitely worth a go.
Thanks,
Tom
ADBE - Short Now!H & S - came back up
Price is near the right shoulder of the H & S pattern.
Short term support may e just under $70.
ADBE — Retracement. Time to re-shortPrice retested the level and retraced the Bounce level and retraced some, as expected. Expect price to go down to 59.73 again and go through it, to form a lower low.
I sold most of it off at that level, and am re-shorting the retraced-to level.
ADBE — Watch this GapIn the larger monthly frame ADBE was on an uptrend. I believe that this trend has turned.
ADBE may come back to fill in the gap here, and that might be a good opportunity to re-short.
ADBE bull put spreadMore bullish than bearish. Would not even LOOK AT OR WORRY WITH spread unless we close below 200 SMA
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
