Trade Planning: Learning Through Consistency and DisciplineIm going to do a series of posts that are all about trade planning and learning about consistency and discipline through a practice. In this exercise, I will be consistently planning, executing what I planned, and documenting 30 trades.
A trade plan consists of a method, trade management, position sizing, documentation and review. A trade plan should state ahead of time, exactly where to enter, where to place stop, how the trade is managed, where to exit, and position sizing. This kind of accountability and responsibility offers a contrast to the our normal ineffective emotional impulses that we usually make our trade decisions from so that we can make a choice. I will talk more about each part of the trading plan future posts.
This exercise is not about the method, a setup, picking the right stocks, being right, winning, loosing, or predicting markets. It doesn't matter if all the trades are losses. The purpose is to learn about consistency and discipline through your own personal insight.
Its through discipline and consistency that we begin to re-wire old ineffective habits and develop an effective mindset for trading markets. Doing something consistently also offers a bassline to compare and truly learn.
There is often resistance to this kind of responsibility. If you want to take up the guidelines of the practice, just step into it as much as your ready for and make it your own. This is not meant for you to follow my trades or worry about my method or setup. Its not important and besides, my setups lose most of the time anyways. Use your own method, there are plenty out there and work on making it as simple and objective as possible. I also suggest you start out sim trading this or using very small size.
ADBE trade ideas
ADBE Testing ResistanceADBE is showing some great strength and testing the local high set in the middle of December. It's been consistently bouncing off the 50 EMA on the 65min chart and looks ready to break through. Might happen today, or even better, a Monday red to green should send it straight through on high volume.
Adobe: Knock Knock ✊Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our 33% probable alternative, which is the low of the magenta-colored wave alt. (2) would initially shift slightly lower.
Top Stock Picks for the next Years No. 1 Adobe IncI am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Adobe share with a target price of 973$.
Reversal or SlowdownI don't have adobe stock at the moment, I'm long adobe overall but afraid to dabble back in where its at now.
MACD:
Lower High in MACD:
The MACD making a lower high while the price is making higher highs could indicate weakening momentum.
Crossed Signal Line:
The MACD crossing below the signal line in October 2023 is a bearish signal, suggesting a potential shift in momentum.
Histogram at -.45:
The negative histogram value indicates that the MACD line is below the signal line, supporting the bearish momentum.
RSI:
Lower High in RSI:
The RSI making a lower high while the price is making higher highs is a bearish divergence, indicating potential weakening of the upward momentum.
RSI Value and MA:
An RSI of 63.78 is not in overbought territory, but the fact that it's making a lower high might suggest a loss of strength in the uptrend.
The RSI moving average (MA) at 63.42 also indicates a potential weakening of momentum.
Way above cloud, way above VP, Chaikin Osc bearish divergence
Bearish divergence on CCI,OBV,ROC, and CMF from price.
Nuvei and Adobe Forge Partnership to Foster eCommerce Payment
In a groundbreaking move set to reshape the landscape of eCommerce payments, Nuvei Corporation, a leading Canadian fintech company, has announced a strategic partnership with Adobe ( NASDAQ:ADBE ), the global leader in digital experiences. The collaboration aims to empower businesses operating on Adobe Commerce, a key component of Adobe Experience Cloud, to streamline their payments infrastructure, enhance customer experiences, and expand into new markets.
The key highlight of this partnership is the seamless integration of Nuvei's comprehensive payment suite into Adobe Commerce through a single API. This integration provides Adobe ( NASDAQ:ADBE ) Commerce customers with unparalleled access to Nuvei's global reach and connectivity, offering a wide array of payment options, including card payment acceptance and access to a staggering 680 local alternative payment methods (APMs). This means businesses can cater to diverse consumer preferences, ensuring a more personalized and convenient online shopping experience.
For B2B and B2C businesses across various verticals such as retail, consumer products, manufacturing, technology, and healthcare, this collaboration brings a significant reduction in complexity. Nuvei's agile, full-stack technology simplifies the payment relationships for Adobe Commerce users, allowing them to focus on scaling their commerce offerings without the burden of managing multiple integrations.
One of the standout features of Nuvei's API integration is its support for over 680 regional APMs. This opens up new possibilities for Adobe Commerce merchants to connect with their customers on a local level, offering tailored payment experiences that resonate with diverse cultural and regional preferences. The partnership also facilitates international expansion through a single integration, enabling businesses to effortlessly navigate the complexities of global commerce.
In addition to alternative payment methods, Adobe ( NASDAQ:ADBE ) Commerce customers can leverage Nuvei's capabilities to enable Automated Clearing House (ACH) account-to-account transactions in the U.S. This move aligns with the rapid growth observed in both volume and value of account-to-account payments in the U.S., across both B2C and B2B transactions. With the introduction of the FedNow instant payment infrastructure, this trend is expected to further accelerate, positioning businesses for future success in the evolving payments landscape.
Jason Knell, Senior Director of Content and Commerce Partnerships at Adobe, emphasized the importance of adapting to customer demands for personalized and convenient online shopping experiences, especially after a record-setting holiday season for eCommerce. He stated, "By working with Nuvei, Adobe Commerce provides merchants greater flexibility in the payment experience, for consumers shopping online, as well as across B2B channels."
Philip Fayer, Nuvei Chair and CEO, echoed these sentiments, stating, "For businesses, an effective, personalized approach to payments strategy is key, and that is what this partnership is delivering for users of Adobe Commerce." The collaboration between Nuvei and Adobe signifies a commitment to empowering businesses globally, providing them with the tools to navigate the dynamic eCommerce landscape and meet the evolving expectations of consumers in an increasingly interconnected world.
In conclusion, the Nuvei-Adobe partnership marks a significant milestone in the evolution of eCommerce payments, offering a unified and comprehensive solution that empowers businesses to thrive in a digital-first era. As the demand for personalized and convenient online shopping experiences continues to grow, this collaboration sets the stage for a new standard in payments technology, ensuring that businesses can not only keep up with the pace of change but also stay ahead of the curve in the competitive world of eCommerce.
ADBE Buy Setup- Price bounced from trendline and support showing good buy opportunity
EP: 586.92
SL: 558.19
TP1: 615.65
TP2: 644.38
TP3: 673.11
ADBE 2023 Trend Leg ContinuesFundamentals :
ok
Technicals :
Adobe's 2023 trend leg continues in to 2024.
RSI has reached a bottom for the 5th time in this trend leg and price has reacted once again.
Price has pierced back above the cloud.
a-b-c down Crown target hit.
However, there could be resistance at 598.85. If price rallies above that, then this will be an extra confirmation that the trend continues.
Adobe Has Pulled BackAdobe rallied in the spring on AI optimism. It continued higher in the fourth quarter before pulling back, and now dip buyers may get active.
The first pattern on today’s chart is the price zone between roughly $560 and $570. The software company peaked there in September and October, but is now trying to hold it. Has old resistance become new support?
Second, ADBE bounced at its 100-day simple moving average (SMA) in late October. Friday’s low was near the same line. That may suggest its long-term trend is still rising.
Third, the price action in the last three weeks has produced a falling wedge. An upside breakout could be viewed as a bullish reversal following the short-term pullback.
Finally, stochastics are rebounding from an oversold condition.
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ADOBE LONG 620 LONG 620 TP
Long Position:
Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base.
Key Points:
Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation.
Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story.
Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential.
Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.
Updated Swing Trading Watchlist - Pullback OpportunitiesHello Traders,
As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist:
www.tradingview.com
This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed:
Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength.
Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal.
Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence.
Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy.
Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment.
Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions.
Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks.
Conclusion : This watchlist represents a blend of technical prowess and strategic foresight, aiming to capitalize on pullback opportunities in strong stocks. Remember, the key to successful swing trading lies in timing, precision, and risk management.
Stay alert for real-time updates as these setups evolve. Let's capture the market's rhythm together!
The Adobe Bears Seeking a FootholdAdobe has an interesting megaphone pattern, the support line would need a third touch to make it valid. On the daily cycle price is yet to fail, this it will do if price goes below R503.90, that will really get the selling going as stop-losses are triggered. The bear scenario has higher confidence given that the share is in week 30 of an uptrend and should be seeking a weekly low.
For the believer of GOD (Allah)Please it is not a financial advice
Best of luck,
You're fellow brother 😎
Adobe: Downhill! ⛷️The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.
ADBE - Shortt IdeaAdobe potential move to 585-590 zone.
Today we have the Fed talking in the afternoon. We will see how the market reacts to it. However I trust technicals, and I believe in order to make good money in this market, you need to enter when institutions do, and get out when all retailers jump in. Too many confirmations kill profits.
This is a riskier idea, and I would be extra careful with my risk management.
Adobe Inc. (‘ADBE’), DailyShares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 2-year high. The company’s earnings report for the fiscal quarter ending November 2023 is due for release on Wednesday 13th of December, after market close. The consensus EPS is $3.32, well up from $2.78 in the same quarter last year.
‘ The company's share price rose by around 7% in the last quarter and the financial image is also reflecting this positive update. The total assets outweigh the total liabilities at a ratio of more than 2:1 while the current ratio as of 31/08/2023 is at 125% meaning that the company is more than able to repay its short term liabilities with the current assets at hand. The net income is at a 2 year high while the return on equity is just shy of 35%. This means that the company is utilizing its shareholders equity to generate income which is viewed positively by its shareholders and making the company an attractive addition to their portfolios.’ said Antreas Themistokleous, market analyst at Exness.
From the technical analysis perspective the price has been bullish throughout the whole of the quarter with some rather minor corrections. The psychological resistance of the round number at $625 has proven to be strong enough to push the price to the downside in recent sessions and also pushed the Stochastic oscillator back in neutral levels. At the time of this report being written the 50 day moving average was trading above the 100 day moving average indicating that the overall bullish momentum is still valid. In the case that the recent correction continues in the near short term then the first point of major support could possibly be found around the $550 price area which consists of the dynamic support between the 2 moving averages, the psychological support of the round number and is also just above the 61.8% of the monthly Fibonacci retracement level.
Adobe turbulenceGiven Adobe's earnings report on Wednesday this week, the trading idea is to buy Adobe at $610 and target $640 in the short-term.
If $640 holds as a resistance level, the recommendation is to initiate short positions to target $560.
Adobe Inc. (‘ADBE’), DailyShares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 2-year high. The company’s earnings report for the fiscal quarter ending November 2023 is due for release on Wednesday 13th of December, after market close. The consensus EPS is $3.32, well up from $2.78 in the same quarter last year.
‘ The company's share price rose by around 7% in the last quarter and the financial image is also reflecting this positive update. The total assets outweigh the total liabilities at a ratio of more than 2:1 while the current ratio as of 31/08/2023 is at 125% meaning that the company is more than able to repay its short term liabilities with the current assets at hand. The net income is at a 2 year high while the return on equity is just shy of 35%. This means that the company is utilizing its shareholders equity to generate income which is viewed positively by its shareholders and making the company an attractive addition to their portfolios.’ said Antreas Themistokleous, market analyst at Exness.
From the technical analysis perspective the price has been bullish throughout the whole of the quarter with some rather minor corrections. The psychological resistance of the round number at $625 has proven to be strong enough to push the price to the downside in recent sessions and also pushed the Stochastic oscillator back in neutral levels. At the time of this report being written the 50 day moving average was trading above the 100 day moving average indicating that the overall bullish momentum is still valid. In the case that the recent correction continues in the near short term then the first point of major support could possibly be found around the $550 price area which consists of the dynamic support between the 2 moving averages, the psychological support of the round number and is also just above the 61.8% of the monthly Fibonacci retracement level.
$ADBE Analysis, Key Levels & TargetsNASDAQ:ADBE Analysis, Key Levels & Targets
Time to start looking for some deals….
Adobe would be a good buy at 529…. at least for a swing. I’ll do a deeper dive here soon but per 5year volatility we’re due to see 529
Alerts set… let’s get it…
Time to book profit in Adobe
After huge rise for last month, is it right tim eto book profit in Adobe or should we hold onto it for another month?
Adobe AnalysisJust closed my position with a 39% gain! 🚀 Adobe is currently trading at $620, showcasing a strong bullish trend with potential for further growth. Based on current momentum, there are two key scenarios to watch:
1. Bullish Continuation: The price could surge towards the $640 mark, extending its bullish trajectory.
2. P otential Retracement: Alternatively, if it breaks below the $620 level, we might see a pullback to around $600.
Stay alert for these pivotal movements. Both scenarios offer significant trading opportunities. Keep an eye on the market and stay tuned for more updates! 🌟
#Adobe #StockAnalysis #TradingView
Idea for ADBEI see it gapping to 625 by end of week next week. Based on indicators and the patterns im seeing. I do see it going down slightly at first for a healthy pullback but otherwise bullish. Let me know what you think. going to hop in calls after the first 30 min monday and swing for the week.
Adobe Inc. (NASDAQ: ADBE) Stock Gains
In the latest market close, Adobe Systems (ADBE) reached $565.47, with a +0.32% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.18%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq increased by 0.3%.
Shares of the software maker had gained 7.02% in the past month. In that same time, the Computer and Technology sector gained 3.65%, while the S&P 500 gained 3.08%.
Price Momentum
ADBE is trading near the top of its 52-week range and above its 200-day simple moving average.
We can see it from the chart forming an Horizontal Trendline at the Crest and Trough trying to form a breakout.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
