ADBE trade ideas
ADBE : Long opportunityADBE just had a positive ER for this quarter.
This stock gapped up after earning report, filled the gap a few days later as a result of profit taking.
ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet.
It will most probably bounce higher for the next few weeks.
$ADBE Adobe, resistance turns in to support, $300 incoming$ADBE Adobe, resistance turns in to support, $300 incoming
ADBE Short Term Reversal from Doji HighADBE pooped higher but failed to hold. Should the market want a short term mini pullback - ADBE could be a good quick short through the low of yesterday - look for the close of last Friday to be a target around $282 - No Position - Watching for now... Good Luck, Trade Well
If Then - ShortLets talk aboutb what you need to see for a directional trade to the downside
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Close below 267.50 along with Qs and Tech etfs rolling would be cause for entry to the downside with a target of 255
Would expect other technology stocks to be have similiar price action at the time. If not Conviction is lowered substantially. With no momo sector wide, no need for a position in this one. So look for a momo to pick up.
$ADBE ABODE IS BANGING AT ALL TIME HIGH LEVELS.Adobe products are now part of our every day life and the cost effective subscription service offers fanatic value to customers, whether for private or commercial usage. Free competition does exist but Adobe sits at the top of the pile with a unrivaled range of products.
Adobe Inc.DAILY
currently consolidating
20 MA trail
breakout from 263.45
can make a run to break the all time high
invalidate if break below 238
ADBE: bearish signalOn the daily chart of Adobe shares, a bearish divergent bar was formed after a 5 sub-waves structure in the latest bullish wave. I expect an ABC corrective movement, which would be my profitable zone.
Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe! Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe!
Sell ADBEHead and shoulder all the way!!!
11/28 - 12/12 = shoulders
12/3 = Head
Still learning how to use H&S tool on tradingview... eh eh ;)
MACD confirm downtrend
Stoch divergence lower
S/L 214.98
T/P 190
R/R 1.79
Profit Trading!
adobe to be shortNear resistance script is showing downside as per OI ,can go short if triggers entry in 1 trading session
[ADBE] Phase 3The price is oscillating the 30MM. We can see the Resistant and the Support. Sell! Don't buy until the price breaks the Resistant.
Short ADBE (one of the easiest short ever)Weekly fake breakout at the top along with HS pattern. It has broken down the neckline. I would like to short at ~230 if it has a retest. TP: 189
Pattern is similar to INTU. See the following linked idea.
ADBE critical support237 Area is a critical line in the sand for ADBE. If it breaks, it has a long way to fall. Also very extended from 50 SMA on monthly chart. Buy long dated PUTs. The stop loss should be above the falling trend line. If price breaks out above trend line, close.
