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Adobe

ADBE Elliot wave and Wyckoff analysisNASDAQ:ADBE Extending to the left you can see the monthly 0-1-2 fib extensions, on the right are the 2-3-4 fib extensions. As you can see there is still a lot of room to the upside on the monthly 5. Looking down into the weekly, you can see we have just finished a 2-3 move up out of a Wyckoff re-accumulation. At the deepest part of the monthly 4 you there was a spring up with high buying volume, ending the negative Weis wave momentum and starting a new daily and weekly EW. We just finished the daily EW and the 2-3 of the weekly and you can see on the daily chart that volume has been ramping down in preparation for a correction. The stochastic is overbought but is showing a false bar so I don't recommend shorting at this time (or trading a 4). I am watching for an ABC corrective move down from the current levels on the daily chart -- this should form the weekly 4 which once that is over I will re-enter a long position.
NASDAQ:ADBE
by b0_b0
LONG Breakout ADOBE After Q1 after consolidationWhen discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50. Right now there is a balancing act going on. Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings. Since then there has been a strong RSI14 development and is showing a strong yet not "overbought" tendency. I have entered long in 515.23 today, as the spike in price over the last 3 days will ensure that SMA50 will stay above SMA200.
NASDAQ:ADBELong
by PersonalFinanceDude
Adobe: Weekly Bull BreakAs I already analyzed in the video on Monday (see attached), Adobe just broke the prolonged Weekly Bull Flag since basically August 2020. We broke & closed above the resistance yesterday on the Daily. If the bulls don't fake out & see follow through this week, Adobe can now easily go towards $600 in the coming weeks & months. Some fundamentals : Adobe has seen quite some upside since they changed from the one-off to the monthly subscription models, since a lot more professionals could now afford it. This obviously got a lot more usage throughout the Covid period, as people were working from the home office. Given that it still underperformed the S&P500 and went on a sideways consolidation after it rose 90% until the summer, which we have to recognize. I'm a Photoshop & Premiere Pro user myself, and can see the value of the neat integration in the cloud. After all: If you're not gonna own the companies you're using yourself, then what? ;) In this case the fundamentals are now getting confirmed by the technicals. Happy trading & investing!
NASDAQ:ADBELong
by Edgy_
Massive Structure on ADBEToday we will take a look at the current situation on ADBE. Key concepts: a) Flag Pattern: This type of formation is considered a continuation pattern, meaning that after the breakout, we tend to observe a movement in the same direction as the previous impulse b)Ascending Structure: using two trendlines, we can understand the upper and lower bands of any trend; when we have a breakout on any of the directions, we can use that to forecast possible movements on the breakout direction c)Fibo Extensions: We use them to forecast possible targets on a new impulse Final Conclusion: We have an activation level on the green line and an invalidation level on the red line; the final target is the 2nd fibo extension, and we will use the first one as a risk-free level. Thanks for reading!
NASDAQ:ADBE
by ThinkingAntsOk
4
ADBE short with LONG entry levelsADBE just broke the support around $463, and we are heading to another support around $438. This could be a good entry-level for long positions. The area from $417 to $438 is a big support zone. ADOBE INC is a strong company with a strong base of customers. The perfect subscription model with a monthly fee and irreplaceable software that is used worldwide guarantees stable profits. Entry levels LONG positions: $438 $423 $417 - STRONG BUY
NASDAQ:ADBEShort
by SMART_MONEY_MARK
2
2/10 Quarterly Update (End of year 2020)Hey guys, as you know, each quarter 10 Videos/Charts. This is a number, enjoy it :) Today we discuss some stocks, the first video was about the crypto asset class. There will be other asset classes, like main videos them for example about spx or dow jones or dax, as well as other financial derivates. In between them, the other videos will contain random stocks, which we encounter, while streaming. So the next one will discuss a few stocks of the "good stocks" list. The next asset class video will be about forex or commodities. Thereafter will be more stock examples and finally, the last videos will again be about a major asset class and the last one will be about trading ideas for 2021. And as always, thank you for tuning in, happy trading everybody, roman from -ger-quality-trades-
XETR:AHLALong
by GER-Quality-Trades
2
$ADBE Adobe Poised for a Run$ADBE Broke out of a falling wedge pattern to the upside today on the daily chart, held the 20d ema line as support and closed above recent highs. Expect to see a strong continuation move in the coming days. Also of note, we saw some bullish unusual options activity late last week with 5k $420.00 strike (deep ITM) Jan'21 calls traded Friday vs open interest <300 or 19 times OI. These contracts were over $8k each for a total premium outlay of $42.1M - this was likely a large hedge fund trade. Near term target - $540-$560 range by late October Note This is NOT investment advice.
NASDAQ:ADBELong
by Triple_Barrel_Capital
2