ADBE trade ideas
Adobe longHere is an easy ta for Adobe long.
ADBE is in a clear healthy up-trend. Stock is moving before ER on 11 th June above 52-Week high. Next support is around 384 mark (last ATH). MACD shows no signal for down-trend.
For those, who love to read candle sticks there is Bullish Engulfing Pattern follows by hammer compared with higher volume.
So, I would say you have two options:
1. Wait for the dip around 384 support
2. Buy now and buy again on next dip.
Well, Fed is talking today that could have an impact on market. Take a look on this and go long ADBE on dip.
Good luck for your trading
Any comments are welcome :)
ADBEPrice prediction less than $360 in 6 months.
Current PE of 60 is more than MSFT's 35 or SAP's 30
Adobe is leader in creative professional market but revenues are decreasing from 2018. Even in past adobe had grown because of few good acquisitions like Omniture etc. PDF's Acrobat DC is still leader but....
Footnote: My price prediction is prediction. Don't check ADBE footnotes as they play with numbers openly.
$ADBE Adobe to hot into earnings
Very tight range has developed within the rising wedge which has also hit major trend-line resistance.
Having rallied over 60% from the lows its time to look for pullbacks rather than jumping in now.
The breakout level at $380 may be a good entry point
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Is Adobe on its Way to the Clouds? 🎨 | ADOBE ($ADBE)📷 With more and more people working from home and taking part in remote and digital workforce companies like Adobe have never been more relevant. While Adobe's dominance in the digital creative market during these times is reason enough to be bullish going into what analysts predict to be favorable earnings, Adobe's chart is the real icing on the cake. We have noted on the chart as to how the prior all-time-highs (ATH) being broken above have turned out, and it is a safe assumption this ATH break will have a similar effect. It shouldn't be too hard to find a good long setup here, so let's look for one.
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1. Fractal Trend is showing a clear uptrend (Aqua colored bars) on the 4-hour timeframe.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The setup here is to buy the S1 S/R flip and orderblock cluster and then to ride ADBE up to new all-time-highs (likely riding on the back of the NASDAQ once it breaks through its previous highs.
4. Our stop is set below S1 giving us enough room to see a liquidity hunt. Our target is then current set to offer a solid 1:5 risk-to-reward ratio, although anything 1:3 or greater would be acceptable, so there is room to let this one run or take profit early as needed depending for example on the strength of the broader market.
5. While there aren't any notable levels above us (all-time-highs have that effect), we do have clear support below at the S2 major pivot point should we move lower for whatever reason.
Good luck tech bulls!
$ADBE - Channel runningWe have witnessed an almost robotic systematic trading scheme where we see a 5-6 day 8-10% run up and a 2 day 6-8% pull back. We are currently @ 5 days and 7% up, so buying here would be foolish if you are looking for a long term hold. Ideally, Im looking for a $375 entry point on the next pullback and setting a $355 stop loss if things go sour.