1ADBE trade ideas
$ADBE - is it your time? $ADBE setting up to potentially make a move if it can break the bag-holder shelf.
Watching for it to get comfortably over $488-$490 for an entry.
$ADBE with a bullish outlook following itse earning release$ADBE is projected with a bullish outlook following a positive over reaction after its earning release as per PEAD placing the stock in Drift B
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ADBE eyes on 500THis is a great growth name in the tech industry. certainly, one to keep an eye on once we get closer to 500 and some more consolidation.
ADOBE AnalysisBuy order set to execute at $471.65. I expect it to retrace back to uptrend and reverse up.
ADBE breaking out of triangle/falling channelADBE breaking out of the triangle and falling channel that it's in. Hopefully it'll retrace and I can get in at $494.50. My risk is the trendline that it's breaking out of.
Looking at the MACD, it looks like it'll continue rising.
I just gotta be careful about EPS tomorrow, but I've also been noticing that people seem to ignore EPS these days.
Holding into earnings Even though we were burned on Salesforce we will roll the dice again with holding our ADBE position
ADBE channel formationLets see when it breaks. 60-70 points target from a convincing breakout from here.
Bearish divergence around earnings?To 470 dip at earnings. If it loses the support channel, it's going Tom Petty.
**Freeeeee Fallinngggggggg**
Adobe right before a flag pattern brakeout?Adobe brakes out of a 3,5 months flag pattern supported by upward trend line and high momentum with RSI > 60.
Storng primary upward trend indicated by upturned SMA200 well distanced to EMA20/50.
EMA20/50 crossover indicates upward turning secondary trend.
Quarterly Report aheat on 09 Dec '20
CRV = 4,97 / Stop Loss at 0.236 FIB / Take Profit at 1.23 FIB
$ADBE potential double bottomAdobe is potentially working on carving a 3 month double bottom chart pattern. The downsloping trend line break could offer an early entry to this setup. Company is reporting earning Wed after the close. Most likely wont take any positions until that's out of the way.
$ADBE - one day playWatch the open, decide if you want to buy the open, sell the close for small 1 day gains.
I do not play through earnings but the technicals look really nice. Trading view says earnings are tomorrow but TOS says its the 9th after the bell so holding more than 1 day seems safe.
ADBE sitting at inflection point, potential for wave E to 420Potential for it to go either way, I am leaning more bearish. Copyright Rohan Karunaratne 2020
Our plan going into earnings next week #stocksWe were burned by Salesforce but were rewarded by Crowdstrike. The Model has us long equities across the board so we are willing to continue to take the earnings risk. ADOBE has been best in breed
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
Corrective Structures and Fibonacci ExtensionsHere, we will expand the information about the chart.
Corrective Structure: Tell us about an accumulation/distribution process. That means that Institutional funds are trying to buy the maximum amount of an asset. Remember, they have a lot of money. They cant set a buy order as Retail traders do. They need to average their buy on a range (that takes time). The same applies to the selling process. A key aspect of this process is the idea that when they buy, they will move the price; after that, they need to sell a partial amount of the previous purchase to keep the price in range. When the price falls again, they loop the process again. These actions create corrective structures that retail trades can use to understand that this is happening and simply wait for the breakout.
Fibonacci Extensions: Ralph Nelson Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers. ( In this case, Fibo Extenssions provide us with Targets based on proportions with previous movements) Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and forecast using Fibonacci numbers.
We hope the information was useful!
$ADBE - earnings playATR and stochastic are in the ideal positions for growth. MACD histo is flat and the MACD line is facing the correct direction.
Marching to earnings.
