ADBE Symmetrical Triangle Breaking DownWe are currently two hours into todays session. ADBE has consolidated in a symmetrical triangle pattern for the past 3-4 weeks. This pattern is generally a neutral pattern with a bias toward the current trend. The current trend is down since the 20ma < 50ma < 100ma. My CB-RSI indicates downward pressure and MACD is nearing a bearish crossunder. The price action has broken the consolidation to the downside and is pointing to former support near 415. I think that would be a good target. Should that support fail, I will look to 485 as the next target. Risk Management is key. I will stop the trade if we close above the 5 ema which happens to be inside of the consolidation range.
ADBE trade ideas
ADBE respecting this channelADBE has been riding inside this channel for months now. (Zoom out in the daily TD for a better view)
Give market weakness, i would favor another leg lower after rejecting at the top of the channel.
However if it breaks to the upside, could see a strong push towards $460.
MY NEWBIE WAY OF THINKINGThat was on 4th of these month as in work on something it was released this price with which my lard of word to express I tame it the high side of the yesterday pre-market close, between 468.95/493.30
I think if it is the way it's work as in retesting manners of any trending trend, it will if not today test that zone from where today have is beginning.
Short-term Bullish on AdobeI'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's a good chance we see bulls step in over the next few weeks. I'm interested in increasing my exposure here.
Good Luck
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Wolneyyy's Quarterly Update!Hey guys! Hope all is well.
I get lots of questions about what companies I like and what companies I don't like. I review the top ~900 or so companies every quarter to keep my analysis fresh.
Here's the most recent update: 4/1/2022.
Compounders: tradingview.com
Value Destroyers: tradingview.com
Let me know in the comments if you have any questions about my reasoning!
ADOBE is preparing for take-off!ADOBE has several signals suggesting a take-off!
First, it has broken a major dynamic resistance in price, which has been formed since November 2021.
Second, it has broken another major dynamic resistance in RSI, which has been formed since November 2021.
Third, the daily price has formed a reverse head and shoulders.
The only problem is Ichimoku which shows resistance at the current time. Wait for a clean break out and retest of the neckline and then enter to gain massive profit!
ADBE Short PositionWe can see a nice rejection off of the 540 level which is also the previous swing low that was set on December 21st. ADBE has a high PE ratio of 52.88 which puts it in the category of stocks that are selling off right now due to the federal reserve scheduling rate hikes for next year and reducing it's balance sheet. We can also see the supply/demand shifting to the down side as sellers continue to move their entries lower in this downtrend that was established after the earnings sell off. I will be looking to trim or take profit at 520 and 500 depending on market conditions when the price reaches those levels. 520 provided resistance for a few months while this stock consolidated before breaking out, increasing the chances of 520 acting as support. We could see a retest of 540 before this turns down in which case I will be looking to add to my position. I will be setting a stop loss at 541.65 (just above yesterday's high). If ADBE breaks above that level then we could see more upside and that would also jeapordize the short position setup.
NASDAQ: ADBEin the 2hr timeframe we can see price is creating an equal high in the resistance area , and when price bounced from the resist to the support ,
We see a change of structure with a form of inverse head n shoulder pattern , with the rejection at the 78.60% just at the golden area ,
in this case we can take a long opportunity with the current oversold market , but we need price to break the EQH then we can a see a push to the upside .
RR 1:4
let me know what do you think about this one !
ADBE Retest Trendline $429ADBE is been bearish after earning now its looks like it's ready to move higher and also it retested the trendline with support of around $429. If the market remains bullish we could see ADBE above $450.
Below is the link for the trade idea for the week of 03-28-2022 *all the content is for information only and it's not trading advice. Trading involves risk*
nimb.ws
Adobe near SMA200 on weekly chart.This is the weekly chart of Adobe, we can see that price is very close to SMA200. I would like to see it testing this support level, but i would also want a divergence at RVI and RSI. For now, none of the oscillators have a divergence at lows, but all 4 have a divergence at highs.
Adobe looking goodA possible swing set up looks to be presenting itself here.
Adobe got wrecked recently with chip shortages and supply chain issues and i finally think it will begin to reverse therefore i will be watching this.
bullish divergence also looks to be occuring with the RSI.
price has broken out of the falling wedge and seems to be re-testing the line.
use stop loss, 405 is a good one to use for a tight stop loss.
price targets are 480, 520, 580.
DYOR
ADBE Key Levels and is it time to go long?Adobe on Weekly.
1) Down by 43% from ATH.
2) If we do a fib retracement from covid lows to ATH, you see the current price is hovering within the golden pocket(.618 and.50)
3) Price is consolidating above 200 EMA and also above 200 SMA .
4) This has been a support zone in the past on multiple occasions.
5). This would be a very key level to watch, if it breaks below-- it can go down to 395sh levels-200 MA level.
6) Price is below AVWAP from covid low- acting as resistance.
7) I see RSI and MACD showing signs of reversal, but not yet.
8) Watching levels 430 for upside and 410 for the downside.
On the Fundamentals.. this company is projected to have an EPS of 15% for the next 5 years. Not bad of a growth
ADBE.pdfNASDAQ:ADBE
Adobe daily chart looking bullish.
This stock has been crucified all of Q1 2022.
A $100 upmove would only represent a 50% retrace of the plunge from the ATH.
ADBE is reporting earnings on Monday, thus we could see an explosive move higher if the results are solid.
Daily candles retested the lower median line of the inside pitchfork, while momentum oscillators are showing bullish divergence and starting to breakout.
The RSI just put in a bullish swing rejection, and is showing strong bullish divergence with a break above the previous RSI pivot high.
The MACD has spent all of Q1 2022 in the basement, and is showing bullish divergence with a recent cross above the signal line.
Cautious types can wait for the 9EMA to cross above the 20EMA. However, I will be going long this name on Monday's open.
I think a test of the median line is extremely likely, thus my first "Easy Target" is around $491 at the median line.
If last week's rally is sustained for a few more weeks, I listed two targets on the upper median line that correspond to 0.5 / 0.618 fib levels.
I will wait to see how price reacts to the median line before assuming those targets will be reached. (Will update the idea when/if that happens)
Earnings watch 3/22Earnings watch 3/22:
ADBE
CCL
POSH
RAIL
SNCE
JILL
DNAY
SNPO
AIR
GDS
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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