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ADOBE INC.ADOBE INC.ADOBE INC.

ADOBE INC.

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ADB trade ideas

$ADBE Adobe Poised for a Run$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.
NASDAQ:ADBELong
by Triple_Barrel_Capital
2
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
NASDAQ:ADBE
by lauralea
ADBE - 12.52% Potential Profit - Corridor BreakoutCorridor Breakout out of a 1-month price correction. Strong possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $467.15 Suggested Stop Loss $456.41 Target price $525.55 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:ADBELong
by maschera