0R2Y trade ideas
Is Adobe on its Way to the Clouds? 🎨 | ADOBE ($ADBE)📷 With more and more people working from home and taking part in remote and digital workforce companies like Adobe have never been more relevant. While Adobe's dominance in the digital creative market during these times is reason enough to be bullish going into what analysts predict to be favorable earnings, Adobe's chart is the real icing on the cake. We have noted on the chart as to how the prior all-time-highs (ATH) being broken above have turned out, and it is a safe assumption this ATH break will have a similar effect. It shouldn't be too hard to find a good long setup here, so let's look for one.
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1. Fractal Trend is showing a clear uptrend (Aqua colored bars) on the 4-hour timeframe.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The setup here is to buy the S1 S/R flip and orderblock cluster and then to ride ADBE up to new all-time-highs (likely riding on the back of the NASDAQ once it breaks through its previous highs.
4. Our stop is set below S1 giving us enough room to see a liquidity hunt. Our target is then current set to offer a solid 1:5 risk-to-reward ratio, although anything 1:3 or greater would be acceptable, so there is room to let this one run or take profit early as needed depending for example on the strength of the broader market.
5. While there aren't any notable levels above us (all-time-highs have that effect), we do have clear support below at the S2 major pivot point should we move lower for whatever reason.
Good luck tech bulls!
$ADBE - Channel runningWe have witnessed an almost robotic systematic trading scheme where we see a 5-6 day 8-10% run up and a 2 day 6-8% pull back. We are currently @ 5 days and 7% up, so buying here would be foolish if you are looking for a long term hold. Ideally, Im looking for a $375 entry point on the next pullback and setting a $355 stop loss if things go sour.
ADOBE LONG 1H ChartNASDAQ:ADBE will go long for 1H trading chart.
MACD cross , SMA 200 and STOCH indicate buy for LONG
ADBE on watchLong entry above box. If stock gaps up on Tues will wait for pull back to top of box.
If stock breaks below box look for pull back long entry at lower targets.
If lower targets are breached the trade is dead.
Targets = dotted lines.
Fib Retracement on ADBE The DCG Alligator shows an overall Bullish outlook, but possible near term retracement on ADBE. Price could see the .382 or .5 retracement area before continuing up.
ADBE could make it to $410ABDE was affected by the coronavirus pandemic. It went down the same amount as the time then it went up $60 so that's why it could reach heights of $410. But last time it took 25 days so you have to be a patient investor. Now is the time to get in on it while the price is still low. Also we won't see a pullback for a good month. As you can see on the RSI it is below 60 which means it is neither overbought nor oversold, but it is leaning closer to the overbought side. If the RSI becomes 70-75 that means it is overbought and that you will see a pullback.
ADBE correcciónADBE continua dentro del canal alsista, por el momento es solo una corrección, rebotando en banda superior de Bollinger y testeando la media de 20
ADOBE continues with the bullish channel, for the moment it is only a correction, touching in the upper Bollinger band and testing the EMA 20
15 Min Chart ADOBEAs soon as the price touch the area of 349.00 please secure your trade or use trailing stop to manage your profit. if there is any advice please do not hesitate.
Adobe is breaking out $ADBE$350.38 is the buy resistance. If it breaks out, the target will be the pivot. Watch for RSI and volume.
High Expectation for the #AdobeHigh Expectation for the Adobe if the price break the 348.2 will up to 355.19
Long Position on #ADOBEAdobe is a growth stock and therefore I expect a good channel run.
Especially after their -6% decrease they can rebounce because of their supportive lines (e. g. EMA 200, EMA 100, EMA 50).
Your Christian Schönfeld
