Adobe might have a swift long opportunity in the works here.Market Cap 220B
Income 3.7B
P/E 58.68 (very expensive)
Debt/Eq 0.38
P/B (Expensive)
EPS this Y +7.8%
Sales Q/Q +14%
EPS Q/Q +76.6%
ROE +35.1%
Profit Margin 30.7%
0R2Y trade ideas
Updated Adobe chartI do believe that Adobe is a huge company with huge gains lately, however, just like many other stocks I believe it is in quite the bubble. I will probably sell the shares I have at 450-460, hopefully, it can reach this price before a possible third market crash then wait for the price to be around 410 to buy back in. Based on analyst research this seems to be a good growth stock and I will continue to trade/ invest in it.
weekly analysis of ADOBE INC Hi friends
the weekly chart shows that it will experience an uptrend in the coming weeks but also we must be vigilant of the change of direction towards the opposite
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Continuation PlayI think ADBE will continue the uptrend. Right now it is consolidating to rest and building up energy for another move higher. Targets 1.272 and 1.618 extensions.
Possibility of a H&S pattern on ADBEAdobe (ADBE) is in formation of a H&S pattern.
Watch out for break down below 415.
Disclaimer : Not an advice to Buy or Sell!
ADBE - Ready to Break Out (9.8% Potential Profit)Support tested multiple times in an Uptrend Corridor.
RSI + Stoch well above 50.
MACD above Signal.
Target price +/- $487.00 and 9.8% potential profit.
ADBE: Potential Triangle Potential Triangle
TP1 = 456.28
TP2 = 469.54
TP3 = 484.94
Thank you and Good Luck!
ADBE - Uptrend Corridor (Swing)Bounced off the support line. Opened the opportunity for a range swing trade.
Adobe Systems Incorporated (ADBE) - stay long in 5th waveAdobe Systems Incorporated (ADBE - NDX) is in 5th wave up after 4th wave finished in triangle, so stay long with stops below 435.75 as 2nd subwave low for 3rd subwave up. The target zone will be above 475. The major invalidation level of the pattern is 427.13 as triangle wave E low price.
ADBE Triangle pattern. Breakout WatchWith FAANG making big moves, ADBE is stuck in a triangle pattern. My Biased is toward the upside, but will wait for the breakout.
Idea is to Buy ADBE on BreakOut and sell an ITM weekly call.
ADBE ChannelsChannels forming for adobe
A strong uptrend since 87' has formed
Currently it is sitting above the middle of that trendline
Listed buy zones, risk increases any entry earlier than these levels
ADOBE, Major Break Below Key Trendline, Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about the stock market and a single stock value ADOBE INC, we are looking at the 4-hour timeframe perspective, the recent events, the current interesting formational structure and finally what we can expect from the stock the next days, hours and weeks. I already mentioned PAYPAL some days ago which is actually building a really similar formation to the one in within this stock, I highly recommend you to watch this to have a full-depth-overview and a suitable to this stock, furthermore, this does not mean the whole stock market is building the same structure there are stocks which looking still bullish and strong while stocks which even did not rally and trading below the established all-time-highs.
As you can watch when looking at my chart is that ADBE INC just fell below this meaningful trendline which is marked in red, this trendline held the whole uptrend to the upside and is now broken to the downside which is firstly a strong bearish signal, besides that the breakdown occurred with high volume as you can see in my chart which is increasing the strongness of this move. Another factor which is also confirming the actual current bearish pressure is the fact that ADBE INC builds a possible head and shoulder reversal top formation here which you can see marked with the blue neckline and the other details of this formation, currently forming the right shoulder of this formation.
Taking all these signs into consideration we can assume that the volatile bearish breakdowns seen since the established highs aren't over yet and a great possibility is given for continuation to the downside when the head and shoulder confirm properly. When this happens and the neckline breaks to the downside the head and shoulder target zone marked in green in the 370-365 level will be activated. On the way to this target zone, there is still strong resistance formed by previous highs at 385 but when the trend is strong enough this can only play a marginal role. Overall it is a high possible bearish setup when the head and shoulder confirms which can be traded either aggressive with immediate entry or conservative with an entry below the neckline confirmation.
As more than one stocks in the bigger market cap stocks showing these bearish signs which before showed strongness and rallied to new highs, it should be considered with caution because it can indicate a follow up of other stocks in the large market-caps which can signal a possible bearish shape in the rest market, as the corona pandemic is still going on and a second way is not from the desk we should not keep the bearish perspective out of the sight now as the S&P is still below its all-time-high and did not confirm the full bullish continuation and bear-market-ending till now. We will examine how this whole situation develops and if these are just correction or resulting in bigger and stronger bearish environments concerning other stocks and main market also.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Enlightenment is under our feet as well as over our heads.
Information provided is only educational and should not be used to take action in the markets.
buy ADBE Investment pickADBE is at bottom of the channel @433. Perfect to add some qty in investment portfolio. I will add more if it comes near 418-415 zone. Stoploss will be 385 on closing basis. Target is open
