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ADOBE INC

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ADBE trade ideas

ADBE WCA - Ascending TriangleCompany: Adobe Inc. Ticker: ADBE Exchange: NASDAQ Sector: Technology Introduction: Thank you for joining me for today's technical analysis. We will be examining Adobe Inc. (ADBE), a leading company in the Technology sector, listed on the NASDAQ. Our focus is on an Ascending Triangle pattern that has been developing on the weekly chart. Ascending Triangle Pattern: An Ascending Triangle pattern is often indicating a potential reversal or continuation of the trend. This pattern is formed when the price oscillates between a flat resistance line and an upward sloping support line. Analysis: In the case of Adobe, the previous trend was downward, as indicated by a blue diagonal resistance line. However, we are now witnessing the formation of an Ascending Triangle pattern, indicating a possible bottom reversal. The horizontal resistance of the triangle is set at $397.36, with four touchpoints recorded. Meanwhile, the rising support line, which originates at $275.20, has also been touched four times. Notably, the current weekly candle (the third touch point) is making an attempt to break through the horizontal resistance line. The 200 EMA closely aligns with the horizontal resistance, further underlining the significance of this level. A breakout – defined as a weekly candle closing above the horizontal resistance line – could present an excellent entry point for a long position. If a breakout does occur, the price target would be approximately $524. This represents a potential gain of around 32%. Minor resistance could be encountered at 446,51. Conclusion: Adobe Inc.'s weekly chart paints an intriguing picture, with an Ascending Triangle indicating a potential bottom reversal. Traders should keep a keen eye on this setup, as a breakout could signal a strong buying opportunity. Remember, this analysis does not serve as financial advice but a guiding point for your own research. Always consider your risk management strategies when trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:ADBE
by KarimSubhieh
ADBE - Rising Trend Channel [MID TERM]- ADBE is in a rising trend channel in the medium long term. - ADBE is approaching's resistance at 390 , which may give a negative reaction. - However, a break upwards through 390 will be a positive signal. - ADBE is assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:ADBELong
by wavepoint99
Adobe -> The Forgotten StockHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Adove stock is actually approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $380 level. You can also see that overall weekly market structure is about to shift bullish, we are already having bullish weekly moving averages and the overall price behaviour of the past couple of weeks is looking very bullish so I simply do expect a break and retest of the resistance and then more continuation towards the upside. On the daily timeframe you can see that Adobe stock is not creating bullish market structure yet - we are currently retesting previous daily support which is now turned resistance so I am just waiting for a clear break above the zone followed by a retest and then I do expect more daily continuation towards the upside. Thank you for watching and I will see you tomorrow!
NASDAQ:ADBELong
by basictradingtv
25
ADBE IS ON AN IMPORTANT WEEKLY KEY ZONEFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:ADBEShort
by traderchamp_
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.
NASDAQ:ADBE
by MarketIntel
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.
NASDAQ:ADBE
by lauralea
"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."
NASDAQ:ADBEShort
by TWRTEAM
"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."
NASDAQ:ADBEShort
by TWRTEAM
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.
NASDAQ:ADBE
by Exness_Official
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.
NASDAQ:ADBE
by Sideshow83