ADBE trade ideas
ADBE comeback in the making?Hi everyone, first of all thank you for taking the time to read this, hope you’re having wonderful holidays! I was going through ADBE and to me it seems that the downswing which has lasted all throughout this last month might have come to an end. Currently we seem to be in a support zone and these last days have luckily show some green and climb back might be imminent. Daily RSI also seems to slowly be going up again and we could see a climb back to the previous resistance level. Since I’m quite a fan of EMA crossovers I don’t really like the fact that the 14 EMA is still below the 21 EMA though. A climb back tot 660 level could happen soon though. Keep an eye for this one is my advice. If you made it this far I’d like to sincere thank you for reading this and hope you have a wonderful day. Any feedback (whether positive or negative) or likes are of course really appreciated. Have a good one friends ✌️!
Bearish on Adobe. ADBEWe 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. 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!
ADBE Long - Bullish
I decided to enter a long trade on ADBE before the market closed today. ADBE is a fundamentally strong company with a wide moat/competitive advantage. Despite the company beating its most recent Earning estimates, the price of Adobe dropped by -23.50% ($164) from its previous high ($702) over the last 29 days. Due to the strong fundamentals I believe that the current correction was an irrational one and typical of market behaviour in the short term. In the short term the stock markets are not guided through rational price movements, rather its driven by market manipulation, news and events. Due to the above I was satisfied with the current short term discount of ADBE it is currently below its intrinsic value.
In addition to the fundamentals discussed above, the technical analysis shows a potential reversal in the stock price. My conclusion comes from examining the following and as shown on the attached chart image/link:
- Fibonacci Retracement
- Bounce of the 50 SMA on Weekly Candles
- Bounce of the previous resistance/current support level
- Breach of the previous swing low candle and price reversal above it
- Bullish Hammer candle pattern
Due to the above and as per my image attached, I believe ADBE will go long, my profit target exit price on the trade is denoted by the TP levels in the attached image @ approximately: $615, $640 or $660.
I entered a long trade with 100 shares. Hopefully this has been helpful for the trading community.
Thank you,
Bojan Cerberus
ADBE, 4 Hrs, NASDAQ:ADBE
ADBE, 4 Hrs , Crab Harmonic Pattern
Buy @ 461.95 - 450.14
Sell @ T1: 546.92 , T2: 606.71
Stop Loss: 441.28
Please. Read the disclaimer, and do your own diligence.
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DISCLAIMER:
I am not a financial /investment advisor. All information i am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
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ADBE - STOCKS - 27. OCT. 2021Welcome to our Weekly V2-Trade Setup ( ADBE ) !
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4 HOUR
Bullish price action!
DAILY
Closed above main support level..
WEEKLY
Looking for another wave!
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STOCK SETUP
BUY ADBE
ENTRY LEVEL @ 640.82
SL @ 593.48
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN