$ADBE Bearish - Short targeting 278 - Overbought Overbought indicators suggested decline to fill up previous gap and make new support at 278
ADBE trade ideas
ADOBE INC (ADBE) is near the Key Historical Level!The price is near the Key Historical Level 313.00.
The best place foe open Sell will be under that level after the false breakout.
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ADOBEEarning coming Dec 12th, 2019
Adobe Systems Incorporated lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $313.07 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.14% during the next 3 months and, with 90% probability hold a price between $307.89 and $347.95 at the end of this period.
Adobe Systems Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $305.29 and $289.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 04, 2019, which indicates further gains until a new top pivot has been found.
My Opinion
* I would buy on the day of earnings, which will increase the chance of making a profit.
* Sell once the market opens with a stop loss 313 and take profit on Wednesday.
ADBE reaching new heights before earnings report? Unlikely...G'Day traders! What do you think about this idea? Do you think the momentum will ease down or break-through resistance before the earnings report? Please comment down below!
SHORT - ADBE
SL: 314.22 (Suggested by our algorithmic system)
TP: 297.69 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Bearish divergence on MACD
2. Price on strong resistance level
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
$ADBE Gap AnalysisADBE Gap analysis. Strong gap. It did gap abover 100 SMA on daily and holding that level pretty good. Possible to test ATH before earnings.
BUY CHANCEENTRY TO BUY = IF THE RED ZONE IS BROKEN UP
TP IS SHOWN IN FIG
SL = BELOW THE RED ZONE
Do you agree with me?
ADBE Correction BouncesCorporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
ADBE trend line breakAdobe broke a downtrend today in a move that signals rising investor confidence in the software company. Adobe has an 8.4/10 analyst summary score and is rated undervalued by S&P Capital IQ.
ADBE ShortEven with price being up 10$, shorts still look valid because that gap will eventually need filled and it should correct to the second trend line based on ichimoku and price structure
ADBE trend reversal after price breaks through prior Res/SupDoes this sound like it could pay off at all? ;)
Trade breakout off a cup with handle (?)This is my first (proper ish) trade plan that I have recorded ;>
Anything fundamentally wrong with it?
ADOBE - DAY TRADEHi, today we are going to talk about ADOBE
We observe a 15M, some important points. The details are highlighted above.
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$ADBE Alert set for move above $272Weekly resistance sits at $270, a move above could be a nice entry level for sizable gains, a reasonable upside target is at approx $290
The majority of high valuation cloud stocks have suffered quiet a selloff since the summer highs, it looks like the bottom may be in for the sector.
almost ready for longeither it chooses to recover from here or a false break out like last time then recover.
ADBE for week Oct 14Vela martillo invertido que hacee rompimiento y movimiento gancho para posible continuacional alza. 200EMA plana, cruce positivo de MAs rapida en D junto con MACD positivo y RSI 50. CALL si da senal de continuacion en la apertura con posibles salidas en 285.70, 289, 293. Si vuelve a ingresar al canal bajista quedarse quieto y esperar reaccion del precio en 200EMA.
ADBE | 1HR | Watchlist for options tradingNext weeks watchlist: ADBE.
This will be interesting to watch.
The price spiked right above the 200ma red line.
Seems to be building a good support on it.
it's primed for another move upwards
ADBE bounce off the 50-day on the weekly chartADBE bounce off the 50-day on the weekly chart - 270 seems to be a support.
