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1ADBE trade ideas

ADOBEEarning coming Dec 12th, 2019 Adobe Systems Incorporated lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $313.07 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.14% during the next 3 months and, with 90% probability hold a price between $307.89 and $347.95 at the end of this period. Adobe Systems Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $305.29 and $289.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 04, 2019, which indicates further gains until a new top pivot has been found. My Opinion * I would buy on the day of earnings, which will increase the chance of making a profit. * Sell once the market opens with a stop loss 313 and take profit on Wednesday.
NASDAQ:ADBELong
by Carlito_FX
ADBE reaching new heights before earnings report? Unlikely...G'Day traders! What do you think about this idea? Do you think the momentum will ease down or break-through resistance before the earnings report? Please comment down below! SHORT - ADBE SL: 314.22 (Suggested by our algorithmic system) TP: 297.69 (Suggested by our algorithmic system) Reasons behind this idea: 1. Bearish divergence on MACD 2. Price on strong resistance level ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Purple Vertical Line: Suggested Stoploss by our algorithmic system Green Vertical Line: Suggested Stoploss by our algorithmic system Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly and good luck!
NASDAQ:ADBEShort
by TradeDayOnline
Look for Adobe to follow through on yesterday's breakoutYesterday Adobe broke upward through a downward-sloping trend line. Today it pulled back, but weak volume on the pullback suggests the stock will follow through. As a software company, Adobe is relatively insulated from the earnings recession afflicting other parts of the tech sector. Adobe beat analyst estimates on its recent earnings report, which is what's moving the stock upward. Earnings guidance was a little softer than analysts expected, but the forecast of 20% growth is still very respectable. Adobe has a 9/10 Equity StarMine Summary Score and is rated somewhat undervalued by S&P Capital IQ. Its P/E of 50 is high for the sector, but pretty standard for a growing mega-cap company. Adobe is about 10% off its high from July.
NASDAQ:ADBELong
by ChristopherCarrollSmith