ADBE buyingAn ascending channel has formed and within this channel there is a positive head and shoulders pattern with a target of 619.
ADBE trade ideas
ADBELooks to have a strong up trend on the weekly chart and just bounced off it. Next resistance looks to be around $582? Pick a short term pullback to $535 or go ahead and enter at $552?
Random thoughts on ADBEAssuming no shakeup in the the next 6 months, I expect to run between red and green until at least june. Unsure of which green is valid, a bit risky for long positions. Would hold if entry around 500.
575 short term not unreasonable, but would probably take profit between 560-575, and wait to re-enter 525-530.
More likely to have an upside breakout mid summer through fall, but will need to cross green, with resistance at both 575 and 630. Short term (January), could see up to ~580, but no higher till summer.
Stoploss at red, if we break below that probably roughly going down to 400 or even 300 easily.
$ADBE Trade ideaNASDAQ:ADBE trade idea.
Forming tight pattern. Could break either way. More interested if this breaks upside. Will cautious if it breaks downside.
ADOBE - WENT BULLISH EARLIER DUE TO FALLING WEDGE BREAKOUTTECHNICAL INDICATORS -
FALLING WEDGE PATTERN BREAKOUT -
Adobe broke out of falling wedge pattern on 2nd & 3rd nov with strong confirmation (2 consecutive moderate sized green candlesticks)
STRONG SUPPORT-RESISTANCE ZONE BREAKOUT -
alongwith the chart pattern the stock also broke out of a strong support-resistance zone 2 days after the breakout (the zone was tested earlier on 4th & 5th oct) which confirmed strong upside momentum behind the stock
PROFIT TARGET -
the stock went upwards for 68 points (the max width of the falling wedge) till 624.72 and went beyond
Adobe - Triangle Textbook Long Setup!Adobe ( NASDAQ:ADBE ) is breaking out soon:
Click chart above to see the detailed analysis👆🏻
After creating a rally of +2.000% over the past decade, Adobe created its all time high back in the end of 2021. The consolidation ever since has been quite expected, especially looking at market structure. But if Adobe breaks out of the current triangle, we will see new all time highs.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Adobe- another stab at itLong any where here
Target 1 - 580
Target 2 - 660
Target 3 - 700
Stop loss - 468
ADBE - bullish and will easily hit USD 600 within a year bullish and will easily hit USD 600 within a year, strong uptrend and currently not overvalued
ADBE - pullback a coiled spring ready to rebound higherADBE - pullback a coiled spring ready to rebound higher, fairly valued but on a bullish uptrend, pullback presents opportunity to buy
ADOBE IN FIBONACCI WAVES Adobe was down because the Federal Trade Commision sued them alleging difficult process to cancel the subscription. Nothinh could be as far away from the truth. I use adobe sparingly, so when I am done I cancell the subscription, it takes nothing more than one phone call and they do it immediately. A pleasure to deal with.
I think these agencies are looking for political campaign financing and they come up with these fake allegations. My alarm triggered today on Adobe. It is a goo time to ride ADOBE up again. This was a nothing burger.
This is another example of Hindenburg Like Operators swarming Adobe in a bear raid, and they get help from insiders in government agencies? Boy there is cleaning to do. meanwhile, don't pass opportunities like this one $688 to $715 is next in my most humble of opinions.
Wink wink never forget ADOBE subscriptions keep on growing and growing. and Growing some more
Adobe ADBE - a lovely dish is served. I feel generous posting delightful and delicious dishes for your degustation
ADOBE ADBE - Ladies and Gentlemen may I have the honor of presenting to you Adobe ADBE
Kindly immediately pull up the chart and see what I see. A stock I have been watching for weeks on end. Is here to hatch these lovely gold eggs.
Adobe should see $530Disclaimer is obviously not knowing Earnings ahead of time, but Adobe looks poised to bounce off the trend line into this butterfly harmonic.
Not financial advice, good luck to all :)
$ADBENASDAQ:ADBE
#ADBE
It appears from the following numbering that we are heading towards rapid increases.
Is AI the New Muse for the Digital Renaissance?In a groundbreaking showcase at Adobe MAX 2024, the creative software giant unveiled its latest innovation: Adobe Firefly AI. This cutting-edge technology promises to revolutionize content creation across various media, from video production to 3D art. The star of the show, Firefly AI Video, demonstrates the potential to generate and manipulate video content with unprecedented ease and accuracy, potentially reshaping the entire landscape of digital creativity.
Adobe's commitment to ethical AI use and copyright protection sets a new standard in the industry, addressing concerns about the responsible implementation of AI in creative fields. By positioning Firefly AI as safe for commercial use, Adobe is paving the way for the widespread adoption of AI-powered tools in professional settings. This approach not only drives innovation but also ensures that creators can embrace new technologies without compromising their integrity or legal standing.
The market's positive response to Adobe's AI push, reflected in a 2.9% stock surge, underscores the transformative potential of these technologies. As Adobe integrates Firefly AI across its Creative Cloud suite and introduces new tools like Neo for 3D art creation, the company is democratizing access to advanced creative capabilities. This shift challenges creators to reimagine their processes and pushes the boundaries of what's possible in digital content creation.
650, BE THEREThis has the upside potential to be 650, before that happens it could dip towards 450 which will be a big buying opportunity. Whether it hits 450 or not, most likely it will test its all-time highs which is 30% upside potential from current price.
Happy Trading!! Not a financial advice.
Adobe May Have Space to the DownsideAdobe has been struggling all year, and some traders may think the software stock has space to the downside.
The first pattern on today’s chart is the series of lower highs since September 13. ADBE dipped below its subsequent low this week, potentially breaking a bearish descending triangle.
Next, the triangle followed a sharp gap lower after guidance disappointed.
Third, the 50-day simple moving average (SMA) is nearing a potential “death cross” below the 200-day SMA. That may suggest its long-term trend is getting more negative.
Finally, MACD has turned downward, and prices have remained below the falling 8-day exponential moving average. Those points may signal bearishness in the shorter term.
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Adobe to 600?NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
Adobe to 600?NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
Adobe (ADBE) Shares Drop Over 8%Adobe (ADBE) Shares Drop Over 8%
On Thursday evening, Adobe Inc. (ADBE) reported its third-quarter financial results:
→ Earnings per share: actual = $4.65, expected = $4.53;
→ Revenue: actual = $5.40 billion, expected = $5.37 billion.
Despite beating analyst estimates, Adobe Inc.'s (ADBE) stock dropped by more than 9% due to a disappointing fourth-quarter forecast, which fell short of market expectations. According to the chart for Adobe Inc. (ADBE), trading on Friday opened with a large bearish gap. By the end of the day, the stock had fallen by more than 8% compared to Thursday's close.
To recap, on 5 June, when the stock price was around $460, we conducted a technical analysis and identified an upward channel (shown in blue), pointing to the potential resumption of a bullish trend.
Since then:
→ The price has risen by approximately 25% to the median line of the channel, which acted as resistance (shown by the blue arrow);
→ The price briefly broke through the psychological level of $500 (shown by the black arrow).
What’s next for Adobe Inc. (ADBE) stock?
It's worth noting that Friday's candle closed above its midpoint, which could be interpreted as a sign that demand forces were present, viewing the price drop as an opportunity to take long positions. Any panic, if there was any, didn’t significantly extend the downward momentum.
Therefore, while the disappointing forecast may continue to weigh on ADBE's stock price, bulls might show renewed activity – potentially around the psychological $500 mark or the lower boundary of the channel.
According to TipRanks, the average price target for ADBE stock is $620 over the next 12 months, indicating a potential upside of 15% from current levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
9/13/24 - $adbe - Small swing here at $5309/13/24 :: VROCKSTAR :: NASDAQ:ADBE
Small swing here at $530
- quick comment here
- still a co that has >3.5% cash yields likely to grow double digits
- defn an at risk to AI situation (as are all software- frankly)
- but the beat and only small revision to guide doesn't show me any material deficiencies
- not the cheapest name at over 30x PE (still higher than META and GOOGL which i think have probably better protection to lead on the AI disruption front)
- so i'm keeping it small for now, not wed to it
- mkt wants to be bid into next week's highly telegraphed rates cut - not going to opine on this but to say - i have my positions ( OTC:GDLC , OTC:BITW are core, NASDAQ:NXT and NASDAQ:CELH are large, and a pile of cash with some swings and well hedged lol hello salad bot NYSE:SG again).
- so what we are seeing today is typical degross, reset. the fact it's not down 20% tells me there's lower risk it takes days to sort out.
- let's see. if i owned it, id not touch it
- if you don't need to own it, not a risk to waiting
- i'm just playing a lil bingo on a friday given my light exposure in the book, generally
have a good weekend everyone
V
$ADBE Adobe's GAP on EARNINGS is no big dealIf you use the great EARNINGS indicator here on TradingView you can quickly see how volatile stocks have been on their EARNINGS report looking back many years very quickly and visually by seeing how big the EARNINGS TRIANGLE is.
When we look at NASDAQ:ADBE you can see it gaps a LOT on earnings and has done so the last two quarters as shown with the big green circles I have drawn around the big green triangles and mid-point line which extends out 6 months for reference.
Educate yourself with TradingView EARNINGS TRIANGLES and EARNINGS LINES so you are aware of what is important news and what isn't.
You can also see how important the past earnings levels are for a stock as a reference.
Have a good day.
Tim
10:18AM EST
