ADBE channel formationLets see when it breaks. 60-70 points target from a convincing breakout from here.
ADBE trade ideas
Bearish divergence around earnings?To 470 dip at earnings. If it loses the support channel, it's going Tom Petty.
**Freeeeee Fallinngggggggg**
Adobe right before a flag pattern brakeout?Adobe brakes out of a 3,5 months flag pattern supported by upward trend line and high momentum with RSI > 60.
Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.
EMA20/50 crossover indicates upward turning secondary trend.
Quarterly Report aheat on 09 Dec '20
CRV = 4,97 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB
$ADBE potential double bottomAdobe is potentially working on carving a 3 month double bottom chart pattern. The downsloping trend line break could offer an early entry to this setup. Company is reporting earning Wed after the close. Most likely wont take any positions until that's out of the way.
$ADBE - one day playWatch the open, decide if you want to buy the open, sell the close for small 1 day gains.
I do not play through earnings but the technicals look really nice. Trading view says earnings are tomorrow but TOS says its the 9th after the bell so holding more than 1 day seems safe.
ADBE sitting at inflection point, potential for wave E to 420Potential for it to go either way, I am leaning more bearish. Copyright Rohan Karunaratne 2020
Our plan going into earnings next week #stocksWe were burned by Salesforce but were rewarded by Crowdstrike. The Model has us long equities across the board so we are willing to continue to take the earnings risk. ADOBE has been best in breed
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
Corrective Structures and Fibonacci ExtensionsHere, we will expand the information about the chart.
Corrective Structure: Tell us about an accumulation/distribution process. That means that Institutional funds are trying to buy the maximum amount of an asset. Remember, they have a lot of money. They cant set a buy order as Retail traders do. They need to average their buy on a range (that takes time). The same applies to the selling process. A key aspect of this process is the idea that when they buy, they will move the price; after that, they need to sell a partial amount of the previous purchase to keep the price in range. When the price falls again, they loop the process again. These actions create corrective structures that retail trades can use to understand that this is happening and simply wait for the breakout.
Fibonacci Extensions: Ralph Nelson Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers. ( In this case, Fibo Extenssions provide us with Targets based on proportions with previous movements) Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers.
We hope the information was useful!
$ADBE - earnings playATR and stochastic are in the ideal positions for growth. MACD histo is flat and the MACD line is facing the correct direction.
Marching to earnings.
ADBE_Until & During & After the announcement_% PossibilitiesUntil the announcement possibilities. If on the day of the announcement it closes at around 492
Buy Signal: 467.19Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
A Long Way DownLooks like we have a long way to go before the next notable resistance. Can sell calls or buy puts depending on speed, on a pullback.
Major support at 384, soft support at 412.
$ADBEI have tracked hundreds of stocks for chart patterns.
One pattern that i have identified and love to play, is the daily consolidation pattern.
From data I have collected, approximately 14-21 days following daily consolidation, there will be a small rally in the stock.
The plan on this one has many options. Can buy common shares and sell after the rally ends. Can purchase a call option with expiration after estimated rally date (dec 4-11th).
The plan I will be following is watch for entry and take a call position no later than 11/25 (end of day) with expiration in late dec or early Jan
ADBE Long potential on a retest - $ADBE $SPY $QQQ $SKYY $XLK ADBE seems to be consolidating here at the highs. should it come into 448-452 area and hold there it is a decent setup for a swing long for an earnings run up coming in December.
Good opportunity for long Swing Good swing opportunity rise in Adobe stock. The price is below its Fair value by around 52$. It will be nice for swing trade from its position right now until it hit its fair value.
ADBE Gap Fill ReversalADBE previously had a gap in its daily chart. Over the last day it has filled that gap. Now that the gap is filled, i expect a reversal back to the gap up level
Adobe said it will acquire Workfront for $1.5 billionJust an idea about ADBE - Entry point - 463, the potential rise 10% within next month.
ADBE, MACD Histogram just turned positiveThis is a Bullish indicator signaling ADBE's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 51 similar cases where ADBE's MACD histogram became positive, and 36 of them led to successful outcomes. Odds of Success: 71%. Current price $487.08 crossed the resistance line at $485.91 and is trading between $499.51 support and $485.91 resistance lines. Throughout the month of 10/07/20 - 11/06/20, the price experienced a +0.30% Uptrend. During the week of 10/30/20 - 11/06/20, the stock enjoyed a +11% Uptrend growth.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ADBE's RSI Oscillator exited the oversold zone, 6 of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 50%.
The Momentum Indicator moved above the 0 level on November 05, 2020. You may want to consider a long position or call options on ADBE as a result. Tickeron A.I. detected that in 59 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for ADBE just turned positive on November 06, 2020. Looking at past instances where ADBE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 36 of 51 cases over the following month. The odds of a continued upward trend are 71%.
Following a +9.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADBE advanced for three days, Tickeron A.I. shows that in 253 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
ADBE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 320 of 439 cases where ADBE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
