ADBE trade ideas
15 Min Chart ADOBEAs soon as the price touch the area of 349.00 please secure your trade or use trailing stop to manage your profit. if there is any advice please do not hesitate.
Adobe is breaking out $ADBE$350.38 is the buy resistance. If it breaks out, the target will be the pivot. Watch for RSI and volume.
High Expectation for the #AdobeHigh Expectation for the Adobe if the price break the 348.2 will up to 355.19
Long Position on #ADOBEAdobe is a growth stock and therefore I expect a good channel run.
Especially after their -6% decrease they can rebounce because of their supportive lines (e. g. EMA 200, EMA 100, EMA 50).
Your Christian Schönfeld
ADBE reached bottom and coming nicely out of the triangleADBE reached bottom and coming nicely out of the triangle
Long position ADBE on Daily chartI see positive signs of continuing uptrend here, will buy NASDAQ:ADBE at the market open
ADBE facing resistance could revisit 334-332 as first support leADBE facing resistance could revisit 334-332 as first support level
ADBE facing resistance at 336.25 may see some pullbackADBE facing resistance at 336.25 may see some pullback. First downward target 332, if does not hold 332, could get ugly in the rage of 320-313
Adobe Deathcross DailyThere seems to be some discrepency regarding the nature of the rising broadening wedge, with some thinking its bullish while others bearish. I believe it is bearish, following Bulkowski's chart pattern rules. Short should be placed just under or above 200DMA if deathcross follows through. For a rising broadening wedge to be valid three or more touches must be evident at resistance and support lines.
ADBE - tested trendline and reboundingS&P 500 is still staying put above 2300 critical support. I know it' s crazy scary now and volatility is just so great but I am willing to start nibbling when I see this. Stop loss below today's low by a few ticks and looking to protect profits with trailing stops . Trade carefully!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
