ADB trade ideas
Breakout or wait for pullback? Market leader with high RS.FA,
- Brilliant financial position and poised for growth
- Foremost stock with significant subscription revenue model.
- Market leader
- RS rating 88. EPS rating 99
- ROE:39%
- Sales growth 3Y : 23%
TA,
- Wyckoff Accumulation
- If price closes above 470, it's a clear sign of strength(SOS)
- Higher highs and higher lows. Supply drying up.
- MACD daily golden cross
- Through this whole rally, ADBE has never dipped below 40ema which further confirms it's high relative strength and the status of a market leader.
- Perfect entry would be if price can consolidate and get closer to 20 and 40EMA.
Risks,
- Overextended from moving averages
- Pressure on growth stocks
ADBE Bullish Trade Setup On the Daily time frame, ADBE consolidation is almost complete setting up for a likely wave (3) rally same degree measured move targeting the 560-599 level. I am interested in setting up medium term long position on ADBE with expiration into Oct-Nov 20’. Trade execution details in video update.
ADBE in the eye of the bullPpSIgnal has developed a MACD NRP, which uses moving averages that are more sensitive to price movement.
As we can see in the weekly chart, it is very successful and can give us information prior to a market movement in lower timeframes.
CORRECTION at marked Fibonacci levels
Espanish
PpSignal ha desarrollado un MACD NRP, que utiliza medias móviles más sensibles al movimiento del precio.
Como podemos observar en el gráfico semanal es muy acertado y puede darnos una información previa a un movimiento del mercado en timeframe menores.
CORRECCIÓN a niveles de fibonacci
Updated Adobe chartI do believe that Adobe is a huge company with huge gains lately, however, just like many other stocks I believe it is in quite the bubble. I will probably sell the shares I have at 450-460, hopefully, it can reach this price before a possible third market crash then wait for the price to be around 410 to buy back in. Based on analyst research this seems to be a good growth stock and I will continue to trade/ invest in it.