ADBE trade ideas
ADBE | Long | 20 Oct 2022IMO ADBE could fill the gap above. ın the long and mid term I am extremely bullish for this underlying
End of Adobe down to $6.90I popped on this chart on Daily and Weekly and it shows a morbid picture of the price heading to $6.90...
I hope I am wrong, because these eternal giants don't deserve such a crash.
Green on Adobe. ADBEFlat finished. We are due for another fractal. Betting on further growth given relative and short term growth in the indices.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Adobe on a sale!Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98)
With signals for sentiment at oversold extremes, the dip could not be extended.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading close to the psychological 300.00 level.
We expect a significant move higher if prices manage to break the 300.00 resistance.
The measured move target is 360.00.
Our profit targets will be 349.49 and 359.49
Resistance: 290.00 / 300.00 / 312.00
Support: 275.00 / 265.00 / 255.00
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Long Trend up and a Hard Fall DownADBE is well below the bands and is very oversold. Price below the bands is bearish but I am just a bit surprised at how long this one is staying under there. I guess we have not had a super bullish day since it fell perhaps. It has been unable to gather any momentum whatsoever so far.
It is still floating down to earth though.
I thought this may would have bounced back in to the bands by now, but it has not.
It will one day but for now I will assume it may fall even further. I have not see a sign of it bouncing yet.
There are other strong stocks dwelling under the bands as well.
Possible targets down listed in orange type if this does not do a bounce soon..
Price is at the .618 of the long trend up and trying to fall below it.
No recommendation.
ADBE, Check the ignition and may God's love be with you!
Sell IdeaShort term momentum is suggesting a push to the downside. The Chart shows the risk to reward and also a fib move down to 1.618 for which i am looking for the market to push
ADBE BUY + OversoldADBE is way oversold here on several indicators and looking to be getting close to long term support. Bounce back to $315-340 range in coming weeks to be expected.
ADBE AnalysisPrice is currently mitigating the bullish POI created in Q1 2020 after a significant drop from their earnings call. There is a huge gap to be filled and a bullish retracement is expected from here after mitigation. First target is the gap at 305.00, and subsequently at 329.00.
ADBE bullish hammer on daily sick tradeADBE bullish hammer on daily sick trade. Technically gap and go, but see how ADBE made gap and goes that didn't go twice through the downtrend, why wouldn't it do the same again?! Stop loss under monthly MA 100, take profit on daily MA 100. Play it wide. I mean, look at this volume.
Market crash, not a pullbackHey all,
I'm sharing this chart, and am about to share a few more to get by my idea that this is a market crash, not a pullback.
I've long tried convincing people that this is a market crash and not some short-lived correction that will suddenly see a V-shaped recovery; I would always repeat the phrase: "Crash, not a pullback." One of the main reasons for why this is is all the large-cap, market-moving names have fallen, and instead of accumulating, or creating a base before moving higher, virtually all rallies have faded, short-lived, and underwhelming. ADBE is a perfect example of this. It created a distribution pattern at the top, has been plagued with bad news, and can't seem to find a bottom. The Adobe's of the world have to accumulate before we ever go higher. These things happen across the board during market crashes(or end-of-cycle bear markets), not during corrections. I remain of the opinion that the closest market you will find to the one we are currently in is 2000, though the key difference is the pace at which we are falling.
ADBE higher high higher low; Target of Inv H&S id 555ADBE just broke above some resistance lines as shown in the chart. Here I used GANN lines.
It broke above a small resistance zone & the downward channel. If the huge inverse H&S pattern plays out, there
Will be a huge upside with TP at 555.
A fundamental very good company with a lot of moat.
Not trading advice
ADBE Long term strategy Just an Idea,
Long term Buy zone in Golden Pocket, ... always count subwaves and wait for RSI konvergence at least on 1D TF (best would be 3D-1W Timeframe).
Enjoy the ride.
Feeling Flashy...not really much to say here other than bottoms in and it looks like a good long - could argue some decent fundamentals behind this also.
Adobe zoomed outAdobe took a big hit this week and is now down 58% from all time highs. Looking at this chart I can draw a very long term up trend for this stock and can see things look pretty bearish with price trading below the lower segment of this channel. There is volume support area around the 260 level.
$ADBE (Adobe) Short Setup after earnings & Figma acquisition$ADBE possibly breaking down from a broadening wedge.
Short buy trigger under yesterdays low of $305,00.
Possible targets:
1. $291
2. $255
3. $208
ADBE Can we see a pull back above 335 level todayI have been following the parabola for some time, lets see if it is able to pull back above 335 today to mark critical support at weekly close.
ADBENasty day today but now down at the weekly demand zone from the Covid crash with a potential bullish RSI divergence forming. Not a name I'm looking to rush into but could get a relief bounce over the next few weeks/months if this area holds.
ADBENot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Bottom Fishing/Earnings AMC TodayHoly Cow!
Bad news event and earnings AMC today.
Price is below the band which also indicates an oversold status. Securities can remain oversold or overbought for extended periods of time.
Watching for now, but big drop and is close to a key support level.
Analysts do not seem bullish on an earnings beat for the most part,
No recommendation.
Even dirt can get cheaper but worth putting it on my watch list.
[16 Sep] ADBE plummets on $20 Billion Figma TakeoverA 15% descend for a blue chip ticker like ADBE in a day is, well, simply crazy. Sure, ADBE fell short in their recent earnings report in terms of revenue and their fourth quarter forecast, but the huge gap down was largely driven by ADBE's expensive deal to acquire FIGMA.
Personally, the clear victor of the deal was FIGMA. Even with FIGMA's expectations of 2022 revenue to double to $400m, ADBE is essentially paying 50x for what FIGMA is worth now. As of writing, ADBE market capitalisation stands at $173Bn, which means that they are using >10% of their market cap to purchase FIGMA. THAT is a huge bet.
Comparing their P/E to MSFT (albeit not a perfect competitor), ADBE's valuation still looks expensive (36.28) vs MSFT (26.15). While there are more research to be done, there is cause to believe that the short term outlook for ADBE will remain bearish. However, based on the technical assessment there are no swing setups for me yet. ADBE will remain in my watchlist for a potential short setup, awaiting a potential consolidation/retracement to determine new support and resistance levels before deciding if the risk to reward in this case is favourable.
Disastrous purchase20B dollars for THIS? In the current economic climate? Well, Adobe is already losing users and the competition is only increasing, so I guess it was only a matter of time. The company's future earnings reports will confirm this. Technical analysis also indicates a strong decline, very similar to the chart of NVIDIA. I already posted one idea and it worked almost perfectly, but due to the latest news, I would be happy to avg. down my short position @ $320-360. I might also buy some puts if the price rises to at least $350. News-Adjusted global targets now $100-150. This is my second biggest short position after NVIDIA.
