1ADBE trade ideas
$ADBE breaking down Ticker: $ADBE Daily Chart
- This is another one with a bearish outlook, breaking out of its triangle to the downside
- First level of support is 450, if we hold watch for a retest of triangle
- Should we lose 450, we could see 416
$ADBE - cup and handle formationAdobe lining up for a small rally?
ATR is settling
Stochastic has room to grow
Histogram and MACD are aligned nicely
ADOBE - Bullish To $600 ?Morgan Stanley says another 10% correction is needed before bull market can resume
Consolidation taking place...Adobe is in an uptrend. And since the summer we have seen consolidation taking place for the stock.
Now there has been an upward breakout with some consolidation right after that. We see that as a back test. We therefore expect higher prices.
$ 520 is our first price target for Adobe.
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over 525over the top trendline we can see a new 52w high imo, id sit on my hands until confirmation here
ADBE supported by 20 day averageNASDAQ:ADBE was supported by the 20 day average yesterday, momentum (ADX) is low, +DI is positive, RSI is neutral. Above there is a triangle, if it breaks the resistance we see a nice long setup
ADOBE INC. LONG📈 NASDAQ:ADBE LONG D1
🛒BUY above = 503
🎯Target1 = 518.40
🎯Target2 = 528
🛑Stop loss or cancel trade = 477.80
🙈Recommended risk = (2%-3%)
$ADBE on the move now Took her a while to get here but lets roll. Just doing my daily charting enjoy:)
LRS SMA IndicatorLinear Regression Slope (LRS) applied to SMA.
Shades green when value is > 0 and prices closes > SMA.
