0R2Y trade ideas
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Positive over reaction following its earnings release placing the stock in drift B
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ADBE BreakoutLeft Side: Weekly Chart
Right Side: 49min Chart (intraday)
Despite the market looking choppy, ADBE is making new highs. If you decide to trade this, I would look for an entry at 560 (a support touch).
Stop loss @ 556 (below support), where the stock would likely do a full gap fill if this price level is reached.
Adobe Hang man (Short it)Similar situation as Sept 2 2020 Hang man even down to RSI. Closed outside Bollinger bands.
Adobe rallying on volume prior to earningsGreat company.
They are scheduled to report earnings next week on June 17th.
It appears many investors want to get long the stock before that date.
Note: Adobe is the 12th largest company in the Nasdaq100 (based on market cap) and ytd price performance is in line with the NDX.
But the stock is currently trading 2 standard deviations above is average ytd price, in a fairly strong uptrend.
The 3 black lines are the ytd linear regression with a 1% std dev.
The blue rectangular area, is just an overlay on the 31 March to 11 June price movement (from $468 to $541, a positive 9% upturn).
The small graph at the bottom of the chart is Williams %R which indicates overbought.
ADBE: Breakout of the range up.The range resistance level could be broken upwards with the minimum target level in the 650 region.
Symmetric triangle Symmetric triangle on the 5D look. I see a lot of money flow going into Calls throughout the next couple months
Head & Shoulders + Flag patternHead & Shoulders + Flag pattern + All times high = potential big move UP
Bearish 2 AB=CDBearish 2 AB=CD was found on 30 Apr 2021 00:00 UTC+8 with Point is USD 523.96 @ USD 16.05 @ 3.16%.
Resistance : USD 512.37 @ +4.46 @ 0.88%
Support : USD 504.35 @ - 3.56 @ 0.70%
Risk/Reward Ratio : 1.25
ADBE - Short Traderisk:reward - 1:2
certainty - 70%+
Personally have Vertical Call spreads expiring on JUL21, With a stop loss at 525.
If it ever crosses 525 the setup is invalidated.
I will update for any potential early exits or Stop loss moves.
$ADBE Trade Idea$ADBE Trade Idea
Entry: 506
Strike: 6/4 510c
Targets: 515, 519, 526
Support: 500, 492, 486
@TradingView @KyleTrades86
Adobe (ADBE) Likely To Rally And Test All Time HighsThe weekly time frame shows a clear bounce off of previous trendline resistance-turned-support. A test of $525 is likely.
Indecision in Adobe priceNASDAQ:ADBE
Multiple contrasting EMAs crosses suggest indecision and uncertainty in this market. Mixed.
Price is struggling to break through the highs but is finding buyer support at the lows of the current consolidation/range. Mixed.
RSI unclear. Mixed.
A safer approach to join the uptrend is to wait for an entry at 375.
You can use Adobe to make $DOGE memes.If a car is a meme, and the gas is $DOGE, then the highway is Adobe.
Create memes of meme coins, but first, load up on some $ADBE. You should invest in the tools you use.
The bars pattern here is from $FTNT... they're all in the same tech basket. $FTNT is leading, $ADBE $CRM and others are following.
ADOBE waiting to be unleashed!Adobe has been trading sideways for almost 9 months now, bouncing off the Strong Support level and not breaking out of the Strong Resistance level for long.
It could possibly dip to the $455 Strong Support line again and bounce up and out of the resistance around the time of next earnings report. I am taking my position now because I think this could shoot up at any moment. Will buy any dips along the way.
Could see all time highs, I might take SOME profits around $520.
Current RSI: 40
Average Price Target (Analysts): $570
Current PE Ratio: 41.5
Net Profit Margins: INSANE 40%
Total Assets: $24.9 Billion
Total Debt: $4.7 Billion
This is not financial advice, just my own personal investment plan.
$ADBE bullish flag patternADBE has been treating us with a nice bullish flag above the ascending channel that has been going on since 2018. Last month the flag was broken upward, signaling a continous uptrend if fundementals allow for it.
Before adobe is ready to conquer new ground, it is looking for support. Without it, it has bounced back into the channel from a small resistance around 520.
Places where support can be found: Weak support at 473, strong Support at 458. I believe it will not fall below 458, if it does we will go back into the channel and fall further down.
Facing resistance around 536 (previous ATH) and 613 (fib),
BUT if ADBE is able to break them, we could well be able to see a continuation of the strong uptrend before the flag and reach for a target around 667.
