1ADBE trade ideas
ADOBE INC (ADBE) NASDAQ - Target ReachedTF: D
1. MACD Lines - Entering Bottom
2. KC - Price Drop Below Lower Line
3. MACD Histogram - Bear Losing Power
4. Pullback
5. Impulse System - Green or Hollow
6. HH - ATH
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Positive over reaction following its earnings release placing the stock in drift B
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ADBE BreakoutLeft Side: Weekly Chart
Right Side: 49min Chart (intraday)
Despite the market looking choppy, ADBE is making new highs. If you decide to trade this, I would look for an entry at 560 (a support touch).
Stop loss @ 556 (below support), where the stock would likely do a full gap fill if this price level is reached.
Adobe Hang man (Short it)Similar situation as Sept 2 2020 Hang man even down to RSI. Closed outside Bollinger bands.
Adobe rallying on volume prior to earningsGreat company.
They are scheduled to report earnings next week on June 17th.
It appears many investors want to get long the stock before that date.
Note: Adobe is the 12th largest company in the Nasdaq100 (based on market cap) and ytd price performance is in line with the NDX.
But the stock is currently trading 2 standard deviations above is average ytd price, in a fairly strong uptrend.
The 3 black lines are the ytd linear regression with a 1% std dev.
The blue rectangular area, is just an overlay on the 31 March to 11 June price movement (from $468 to $541, a positive 9% upturn).
The small graph at the bottom of the chart is Williams %R which indicates overbought.
ADBE: Breakout of the range up.The range resistance level could be broken upwards with the minimum target level in the 650 region.
Symmetric triangle Symmetric triangle on the 5D look. I see a lot of money flow going into Calls throughout the next couple months
Head & Shoulders + Flag patternHead & Shoulders + Flag pattern + All times high = potential big move UP
Bearish 2 AB=CDBearish 2 AB=CD was found on 30 Apr 2021 00:00 UTC+8 with Point is USD 523.96 @ USD 16.05 @ 3.16%.
Resistance : USD 512.37 @ +4.46 @ 0.88%
Support : USD 504.35 @ - 3.56 @ 0.70%
Risk/Reward Ratio : 1.25
ADBE - Short Traderisk:reward - 1:2
certainty - 70%+
Personally have Vertical Call spreads expiring on JUL21, With a stop loss at 525.
If it ever crosses 525 the setup is invalidated.
I will update for any potential early exits or Stop loss moves.
$ADBE Trade Idea$ADBE Trade Idea
Entry: 506
Strike: 6/4 510c
Targets: 515, 519, 526
Support: 500, 492, 486
@TradingView @KyleTrades86
Adobe (ADBE) Likely To Rally And Test All Time HighsThe weekly time frame shows a clear bounce off of previous trendline resistance-turned-support. A test of $525 is likely.
