0R2Y trade ideas
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...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
B Wave on Adobe. ADBEGoals 477, 493. Invalidation at 418.
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 green 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 on the support at 440 and will be revisiting the key levelMarket Instrument: ADBE
Timeframe: Weekly
Analysis: Technical
Structure: Support and Reversal
Prediction: Bullish
ADBE has found the support at 440. The following support level is very clear on both daily and weekly timeframes. Here the bullish candle closing is a good indication for a rally ahead. The target expected during the run is back towards the key level formed at 525
2000 tech bubble fractalIt looks like we are reaching the final moment for ADBE stock to confirm bear market. Grey shape represents fractal from 2000 and we can clearly see ( orange boxes ) that we are following the same structure. I'm expecting last failed rally to 50%, possible 61.8% and then monster selloff.
Adobe (NASDAQ: $ADBE) Got Room For Growth '22 🎨Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.
ADBE: Divergence spotted; correction ending soon.Adbe shows divergences on many indicators. However, it still has to break about dma20 to be bullish.
Next resistance is 507 & 537.
ADBE has very good fundamentals & a lot of moat. It has fallen severely more than AMZN & MSFT.
Chance to slowly accumulate it cheap.
Not financial advice.