$ADBE basing for another move higherAfter basing for the past 6 months, it looks ready to go north yet again.
4ADBE trade ideas
ADBE reached our targetFinally, $ADBE reached our target, I am expecting the market to be volatile in the coming days so this one can cool off, however, the long term view on $ADBE remains bullish
ADBE in focus!Adobe is not acting well compared to overall market but it is acting very well with it's tight price action. make sure to set an alarm to play this break out. last earning hand 74% surprise. not actionable right now but if the market pulls back and adobe shows relative strength will add a position.
ADBE attempts to break outAfter consolidating for a good 5 months since September 2020, ADBE appears to be attempting a breakout (finally) out of the symmetrical triangle. If it can hold on to 500 for a couple of days, that will confirm the breakout.
$ADBE 5 Months Symmetrical TriangleAdobe has been moving sideways in the last 5+ months forming a symmetrical triangle pattern . The stock has been in hibernation similar to $NVDA but that was not the case from 2011 to 2020 when the stock had a 2230+% run! A breakout from the 5 months symmetrical triangle to the upside could signal the end of this consolidation phase and the start of yet another leg higher.
ADBE entry LEVELS LONGADBE is waiting for the next movement. Let's see if we hold UPTREND. You can BUY with a breakthrough, but it is pretty risky. Better to wait and start BUYing around $452. If we go lower next SUPPORT is $438.
LEVELS LONG:
$452
$438
$425 - STRONG BUY
$417 - STRONG BUY
Adobe breakoutShowing an overall Symmetrical triangle pattern but inside I've spotted an inverted head and shoulder pattern. This break out could be huge. My entry point would Be 506 with stop loss at 500.
Overall breakout might depend on market conditions. It'll be hard to breakout with the Nasdaq down 50-100 points unless some company specific news surface
Pending Pennant Breakout?Following a 6-month consolidation and a successful re-test of the 50 period Weekly SMA, a bullish break of the pennant favors a move toward the Yearly R1 @ 605
ADBE Preparing to Breakout off RetracementNASDAQ:ADBE FWB:ADB NASDAQ:ADBE
ADBE is completing the retracement wave - symetri triangle.
Long upon breakout for next impulsive wave.
Something to watchPosting from my phone so I can't explain how my confirmations form when price is in my POI
$ADBE | [Update 2] Descending Channel: Watch For a BreakoutIn my previous $ADBE analysis I shared a bullish pattern (see below)
Price has since printed a double bottom and looks ready for upside continuation.
See my previous analysis here:
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
ADBE - Approaching a solid baseADBE is approaching a base ahead of earnings season. This a company than posted +15% sales YoY and +80% EPS growth YoY. Furthermore, ADBE shows strong margins which prove resilience under the current Covid-setting. Operational cashflows have also grown substantially. I believe this can be a good opportunity to enter into a healthy stock with strong upside potential.
$ADBE - coiling, could break outI think this stock has been held down. It may continue to coil in its current down trend before it has a small break out. It could also break down, which is why we wait for the trade to come to us.
Watching for it break the first down trend, and then the second before it revisits that recent high.
Waiting for $478-$480, then $500 and last $515
Would consider a position after $480 with primary hold to $500, then re-enter after holding $500 for a couple of days with a target to $515-$520
ADOBE- DailyElliot wave- Forming ABC correction pattern. Price objective at FE 1.618 (250)
Trade at your own risk with proper money management.
ADBE H&S on weekly after triple divergence on RSI... InterestingThis looks primed for a big move after topping and entering a solid downtrend back in August. Check out the other indicators and note the very thin volume profile for the move down.
