Adobe is at its peak (700)I'm hopped in a short earlier at 698.. Bump the top of its monthly resistance here. Although it's not as overbought as its last 2 touches it needs to be noted that NDX is at the top of its resistance
ADBE trade ideas
$ADBE Cup and handle breakout$ADBE with the beautiful chart here. These are exactly the breakouts we like to see. The only issue is all breakouts seem to fade rather quickly right now. Either way, it is a great company with a lot of future growth.
ADBE Potential ATH BreakoutWatching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
Cup and HandleClose to long entry level. The top trendline of the triangle is resistance and also the cup high, so more resistance.
Earnings 12-16.
Cup low is 552.14
Depth is 121.74
Mid cup is 613.01
No recommendation
Adobe Looks like Adobe is about to complete the cup and handle formation with the breakout resistance at $673.81. I only hunt for this formation to enter most of my trades. If breakout is successful with high volume, this can be a good trade setup.
This might be an ABC patternOk, this is a possible "ABC pattern" in the long term, if it can break the resistance of the ATH then the next would be on 720, but we need confirmation, otherwise it could be a "double top", also it might be forming a rising wedge, so it could mean a reversal soon, remember to set a SL and TP, money management is key to success. Waiting...
correction A-B-Cthe price draws a correction A-B-C, which will only add strength to the subsequent rise. The goal is the same, only you need to wait for a rebound from support
Correction for gaining strength? Stocks go up for a long time and confidently, and apart from a temporary respite there is no reason to doubt further growth. I expect a price around $ 700
Price goes upThe price goes up for a long time, gaining strength to renew the maximum. I expect a breakdown of resistance and growth to $ 700
My Target 720$The company's shares have been steadily rising for several weeks now. So far, there is no reason to stop the progressive movement of the global trend. I expect the price to break through the resistance. Target 720 $
Adobe back to 560Overall trading in a rising wedge here. See my previous link forna better picture.
Got rejected at resistance here and as you can see even on days the NDX is up 1% Adobe is down and that's bearish.. Way over bought on MFI
0031 ADBE:xnas - KC [1H] | OptionDate : Wednesday 20th October 2021
Time of trade (Malaysia Time) : 22:00
Scanner :
Entry Price : $6.70 (Stock price $631.50)
Shares : 2
TP (Take Profit) : $8.95
SL (Stop Loss) : When mother stock reaches $599.93
*Prices are in $USD
Technique (Long Call/SPV/ SCV /Iron Condor/Long Put etc) : Long Call
Expiry Date : Friday 22 Oct 2021 (2 days)
Option Entry Price : $6.70
Strike Price : 630
Delta : 0.63
Contract : 2 (200)
Comments :
- What's on your mind? (What do you think about what you are doing/did?)
I hope to sell within 1 day. Let's try it. As soon as I see green, I'm manually closing it.
- How are you feeling? (e.g. Energetic and well. Energetic and serabut? Unpleasant and uneasy? FeelsOkayMan etc...)
Good. A chart is a chart is a chart, and a little worried about this one since it's only 2 days expiry
- Any distractions on your mind? (Lawan ngan gf monkaS).
Nope.
ADBE - LONG TRADE PLAN ➡️ 680Welcome to Aureate Invest.
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Adobe Although I still feel this stock is oversold and I think we visit 480's by Thanksgiving; Right now its Temporarily oversold.
First target -595
Second target- 602 gap close
Final target - 618 gap close
ADBE Elliot wave and Wyckoff analysisNASDAQ:ADBE
Extending to the left you can see the monthly 0-1-2 fib extensions, on the right are the 2-3-4 fib extensions. As you can see there is still a lot of room to the upside on the monthly 5. Looking down into the weekly, you can see we have just finished a 2-3 move up out of a Wyckoff re-accumulation.
At the deepest part of the monthly 4 you there was a spring up with high buying volume, ending the negative Weis wave momentum and starting a new daily and weekly EW. We just finished the daily EW and the 2-3 of the weekly and you can see on the daily chart that volume has been ramping down in preparation for a correction. The stochastic is overbought but is showing a false bar so I don't recommend shorting at this time (or trading a 4).
I am watching for an ABC corrective move down from the current levels on the daily chart -- this should form the weekly 4 which once that is over I will re-enter a long position.
ADBE - Accumulation breakout at VPOCMy bias is that this is a wonderful overvalued company in a clear short term downtrend.
But then, this is the first obvious higher low on an intermediate term trend.
$606-607 is -10% from the all time high and is a value area.
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
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Adobe going into earnings 🐻Yellow lines - Rising wedge
White lines - Bull flag
Green lines - Primary trendline
RSI - descending triangle... Divergence
Trading at the top of a rising wedge the lowering volume tells me that the distribution has started .
I think we see a drop to the 550 area or wedge support in the next 30-45days. I know that seems steep but as the saying goes "Steps up, elevator down".
$ADBE weeklyim not at all bearish on this company, but you cant tell me it doesnt look like its going to correct atleast 5% soon.
earnings this week, magine shorting it...
