0R2Y trade ideas
ADBE showing RSI divergence ADBE showing RSI divergence . retraces from channel top.. The run is nothing but a mania since Feb 16' so Beware!
Technology stocks for 2018 #2 (ADBE)Sector: Technology
Industry: Application Software
Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
www.morningstar.com
For Options Traders this kind of trend offer they several opportunities they only need to wait for a price retracement and trade with (Your own strategies)
because, I pick the idea but I not a trader.
The other aspect for Options Traders is, that this is a highly traded stock, the Avg-Volume is 2,860,070
All the ideas in this series of publications called "Technology stocks for 2018" Are Trend Following.
No price patterns in this series. Do it easy, No technical analysis
Trend Following
ADOBE SYSTEMS INC. ADOBE.
Prices are currently searching for resistance. I think prices may continue to surge to highs of 214. If prices break above 208.00 with significant volume we could have some buy opportunity, a real chance to go long. I think that you should be very conservative with your contract size on this trade, regardless if our Target Profit was met I'm anticipating a sharp reversal so you may want to get out and wait for a short position.
However
We could see prices continue and then reverse at the 218 Region.
For now I wouldn't go long pass these two regions.
Vol: 539.745K
EPS: 3.43
Market Cap: 99.781B
P/E: 60.01
adbe - Three drives!Adobe systems has been showing good relative strength and i like the possibility of completing three drives pattern setting up. Waiting to see how the markets turnabout hopefully will get a bit of a consolidation period and build a decent position.
ADBE HourlyOn the hourly ADBE chart. Not enough volume coming in until the last hour. Might need to form a handle on Monday before continuation. Support at $200ish
ADBE - Heavy Overhead Resistance Around $195-196We are about to hit long term overhead resistance at 195 to 196. We'll likely need to back off soon before moving to 200.
ADBE - Target of 209 with retrace to fill todays gapADBE - Target of 209 with retrace to fill todays gap
ADBE - Hitting Retrace Resistance - Then Down to 185Adobe is about to finish its short term retracement. Then its back to long term support at 185, which intersects the large scale upward fib channel. It may hit 185 when it hits the fib time window (Jan 22nd)
ADBE - temporary decline to 185Time for a short term correction to roughly 185 before moving up again.
ADBE analysisADBE is consolidating from reaching it's high after it's last earning's report. Waiting for it to drop more and break out of consolidation.
Strong support @ $170Fundamentally this is a sound company and its stocks should be held throughout 2018. Ready to buy any dip around support level.
