Swing Level for ADBEOn the weekly chart ADBE shows a series of lower highs (red line)
The last wave, had a pullback on the 61.8% for a possible 1-2.
The Swing Level shows a critical zone at about $390.6.
ADBE trade ideas
$ADBE with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $ADBE after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Adobe: Well On The Way 👍Adobe is well on the way to completing wave B in green, although the course still has got some room to expand the current movement. However, before the resistance at $402.49 at the latest, it should turn downwards again. Thus, the share should drop below the support at $278.23 and into the adjacent gray zone between $278.96 and $227.74, where it should then conclude wave b in gray. There is a 32% chance, though, for Adobe to continue the ascent above the resistance at $402.49. In that case, we would consider wave alt.b in gray to be already finished.
Great company at discounted price = BUY more 45% discount from the peak. No need to show hand and put all your money into this stock. Nobody knows for sure if it will fall further.......
If it falls to 300 price level and you go all in , wouldn't your loss be magnified? Go in small tranches. At this price 5% , if it falls to 300 buy 10% , something like that.
Earnings BeatPrice met 100% of the target for the Bull Flag pattern before earnings. A flag can stretch less or more than 100% and I use the pole to measure for targets. There are other techniques to calculate targets and we are all different. This one hit 100% almost on the nose.
Price is close to a resistance level. Support and Resistance levels were made to be broken.
To reach targets to the upside, price must break this level of R.
Spinning top so far today representing indecision. This candle may change by close.
Evening star candle pattern noted at last high.
This pattern consists of 3 candles. Day 1 is a green candle. Day 2 if a spinning top or a Doji that gaps up. Day 3 is a red candle that gaps down.
The Evening Star pattern is viewed as a bearish reversal pattern in technical analysis. It usually occurs at the top of an uptrend. There is also a Morning star candle pattern that can occur at a bottom.
See Steve Nissan's book on Japanese candlesticks or Candlestick Charting Explained by Gregory Morris.
No recommendation.
"ADBE" Homework Disclaimer: The analysis intormation is tor reterence only and does not constitute an Investment recommendation.
"Regarding ADBE for the week ahead, I predict that it may create a new support level at a share price of 320, with a high resistance level of 336-338. However, it failed the backtest at 336 on Friday, March 10th, and with earning reports coming up, if the earnings missed in a bearish market, ADBE may experience a significant falling wedge. The first support level for ADBE is at a share price of 320 for a soft landing, while the second support level is at 293 for a hard landing. The share price of 274 is a very strong support level, which is the accumulation trendline. I hope it can stay strong and show consolidation to recover. For long-term investment, I suggest looking for entry between 277-286, as ADBE has great financial health. ADBE's short-term assets ($9.0B) exceed its short-term liabilities ($8.1B), and its long-term assets are at US $16.7B. Additionally, ADBE has more cash than its total debt, and its debt to equity ratio has increased from 22.2% to 29.4% over the past five years. The debt is well-covered by operating cash flow (189.8%), and the interest payments on the debt are well-covered by EBIT (119.6x coverage). ADBE's physical assets are at US $2.3B, and it has US $2.1B in receivables. Its equity is at US $14.1B, and its other liabilities and debt are at US $8.6B and US $4.1B, respectively."
"ADBE" Homework Disclaimer: The analysis intormation is tor reterence only and does not constitute an Investment recommendation.
"On Friday, March 10th, ADBE broke down below 338 on the 4-hour timeframe, indicating a pivot point for the week. It failed to sustain its bullish trend and began a bearish one. The high resistance for ADBE is at 345, and the last stand of the bullish trend is at 320. Above 320, ADBE is consolidating in a downtrend, while below 320, it is strongly bearish. ADBE has two next support levels, with the first support at 320 and the second support at 296."
Adobe (ADBE) - Hidden bullish divergence On the chart, we can see a hidden bullish divergence. This means that the price will probably increase in the next coming period. Also, the gap needs to be filled and the earning announcement looks positive, these suggestions are in line with the hidden bullish divergence.
So an entry can be taken when the price breaks to the upside. Take your profits at the targets. All further details are shown on the chart.
Goodluck!
Adobe’s deal on the verge of cancellation right before earningsShares in Adobe Inc (symbol ‘ADBE’) have been slowly gaining back part of the losses incurred last month while the company is expected to report its earnings for the fiscal quarter ending Feb 2023 on Wednesday 15th of March, after market close. The consensus EPS is $2.97 compared to the result for the same quarter last year of $2.84.
‘Adobe’s share price had a sharp decline in mid February due in part to the U.S. Department of Justice’s plans to block its $20 billion acquisition of Figma, an online design tool & software.’ said Antreas Themistokleous, an analyst at Exness ‘ As of 2nd of December 2022 the company had a current ratio of 111% meaning they have the ability to repay their short term liabilities with the current assets currently available while the total assets exceed total liabilities by more than $14 millions. This shows that the financials of the company look healthy while the estimated EPS is the highest of the last 4 quarters.‘
On the technical side the price is trading in a “dynamic area” between the 50 and 100 day moving average and is currently facing resistance on the 38.2% of the Fibonacci retracement. The $350 price area is considered a strong technical resistance because it is made up of the 38.2% of the Fibonacci, is a round number and is also an inside resistance area that the price reacted to in mid November and mid December!
If the price resumes its recent bearish movement the first point of support could possibly be found around $336 which consists of the 100 day moving average and the 50% of the daily Fibonacci retracement level.
EW analysis - Adobe ready to bull again?Today I want to take a look at Adobe because I think it could soon become interesting again.
First we want to take a look at the long term picture. We can see that in november 2021 a decade long bull run found its end. On log chart we can definitely mark this bull run as a wave 3.
The ensuing correction is than wave 4 of a supercycle.
The interesting question is, if this wave for has already ended or wether there is more to come to the downside.
I think that wave 4 is finished for two important criteria are met.
Wave 4 almost reached the trough of the preceding wave 4 of one degree lower.
Wave 4 already retraced 61.8 oft the preceding wave III
Either way in the medium to short term more gains should follow. Then in september or october we will see which direction adobe will take.
So here are both options:
The bullish variation, which I favor although the last move up doesn't like a convincing impulse.
And here the bearisch variation in which the previous move down was only wave A of an even deeper correction. In this case Adobe might even half.
Is Adobe headed lower?Adobe has been climbing after a sharp slide last year, but now traders may start to worry about another move to the downside.
The first pattern on today’s chart is the peak on February 2, one day after Jerome Powell’s “disinflation” comment lifted spirits. ADBE pushed above its September high of $396.39 but didn’t hold. That kind of false breakout could suggest bears remain in control.
Second, prices have remained below the candle since, resulting in a potential “abandoned baby” pattern.
Third, the software company closed under its 21-day exponential moving average (EMA) for the first time since January 6. Is the short-term trend weakening?
Next, the 200-day simple moving average (SMA) has been falling and remains above the 50-day SMA. That could mean the longer-term trend is still bearish.
Finally, the relative strength index (RSI) is knifing down from an overbought condition.
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ADBE Setup for LongADOBE 1H Setup
1- trend was sideways and then broke to upwards
2- because of long consolidation it is expected
that price will shoot up.
3- Next Resistance at 392
4- Entry Points:
-Region1: if price goes above 382
-Region2: 360-365
-Region3: 324-328
Drop to 350s in coming weekADBE needs to establish support near the breakout level before continuing higher.
It’s a bearish Wolfe wave with near term downside to at least 357
Adobe breaking outMoving averages expanding, trend line on Daily broken, quite a nice set up
Trade safe
BULLISH BREAKOUTADBE just broke out it's huge bull flag looking like it might fill that gap it has next week.
Most breakouts lead to a retest of the previous resistance now support. Looking for a retracement next week to the support area for a bounce back up.
What are your thoughts ? I'd love to have a chat about other high probability setups..
$ADBE Nice Volatility Contraction Pattern (VCP)$ADBE is showing great RS here. It is forming both a flat base and a VCP at the same time. The RS Line has the green dot and the $SPX is below the chart with the orange line where you can see the divergence and RS. The green dots are saying there is RS before price is likely to break-out (thanks @JohnMuchow which has great indicators here on TV).
ADBE is running right up against a declining but flattening 150 Day MA (same as 30-week MA) and area of resistance above. (Horizontal blue line). It is however, above a rising 50 Day MA, 21 Day EMA and 5 Day SMA. I’ve started a ½ size position before it breaks out. With a very tight stop. Ideas, not investing / trading advice.
ABDE longPerfect example of range trading. It's been trading in this range for exactly 2 months, and I think the breakout/breakdown move is coming. I'm long $339.20, targeting the upper trend $356 and possible into the gap fill @365.65. Avwap from August high acting as support ~~$324 which will be my stop loss. Anything below that pushes it to gap fill, which starts @303 and closes at @317.42.
Adobe | dead catis this a long, slow, dead-cat bounce? Probably.
White = Yearly (trend) (scary structure on yearly. don't look... Adobe could test its yearly trend at some point...
Black = Monthly (very little structure on 6mon, 3mon and finally something on monthly to work with.
Grey = Weekly levels (most of the levels in play have been weekly.
Red = Daily.
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 45.45%.
Adobe in a flag?Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61)
Daily signals are mildly bullish.
Price action is forming a bullish flag which has a bias to break to the upside.
Trend line support is located at 327.
We look to buy dips.
We are trading at oversold extremes.
This stock has seen good sales growth.
50 1 day EMA is at 329.
Our profit targets will be 368.88 and 372.88
Resistance: 355.67 / 365.00 / 380.00
Support: 340.00 / 325.00 / 320.20
Disclaimer – Saxo Bank Group.
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RectangleEarnings 12-15 AMC.
It looks like most analysts are positive on earnings numbers.
Price is under the 50% level of the trend up but above the .618.
Neutral until broken.
No recommendation.
ADBE Adobe Inc Options Ahead Of EarningsLooking at the ADBE Adobe Inc options chain ahead of earnings , i would buy the $325 strike price Puts with
2023-01-20 expiration date for about
$17.25 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
