ADBE weekly+ Bullish divergence
+ Held key zone
+ Dropped on earnings but ended green
- Below all key moving averages
- Daily 20dema at 390
- Downtrend
ADBE trade ideas
Breaking through a multi-year trendThis is a very bearish pattern. If the price doesn't quickly return to the $420-450 range (which I highly doubt, given the current situation), we will fall to the level of $200-250 even quicker than expected. But this will also be a good price to buy for the current performance of the company. But It will also be a good price to buy if the current performance of the company remains the same. I will try to short if the price reaches $390-400, TP $200-250, SL $450.
MARKET TALK WITH MAUMAURoku is one of the pair I love so much and it's happen my attention to.say these three zones as in testing prices. 100.09/111.47/89.
I have a listening hear to any person who may welcome interaction.
Bewatcfull MAUMAU, make friends with the trend make money or they are against you, you loose money.
ADOBE ROPEY - Short Setup ~$480REASONS TO BE LONG-TERM BEARISH
Broke the 100 week moving average 14th Feb
RSI has dropped into the bear zone, confirming sell signal
Dropping outside of the exponential bull top (green area)
Replicating same setup as January 2001
Back then price made way all the way back to the 0.5 fib at $8. The same move this time would take it back to $105.
Price/earnings ratio still at 33!
REASONS TO BE SHORT-TERM BULLISH
Back-test of 100 week moving average could be on the cards in the coming week or two
That said it has already done that in March 2022
$480-490 would represent a nice setup & risk/reward ratio for a short
RSI ticking upwards, potentially to cross into the green bull zone on daily
Downside target or long entry would be $108, right to the top of the bottom purple zone. Back to 2016 highs. Likely some years away, before it gets all the way there though!
Bullish Swing Trade: ADBEWe are in the trade. Let's see if it hit the Target Price in the next 5-10 days. Please do come back to check as I may move my Stop Loss in next few days
ADBE - low could be inZooming out to the monthly chart, we can see that ADBE has respected a long term trendline support @ 370. I would be a bull and accumulate on it's dip (unless this trendline is breached).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Will it hit 530?It's coming back from oversold level, this next leg up towards 530 can be strong and fast. Earnings on Jun 16 and that could help. It's for short term trade only and I am in general bearish overall market.
CleanVery nice move here. Gapped over trendline. Nice consolidation on weekly 200sma. If market wants to reverse these are the levels to watch from here.
Breakout and retest of symmetrical triangle(sell)Expected to go down to 372.00 after breaking the symmetrical traingle...
Adobe - Still to Fall or Has It Reached Support Area? Is one of the leading digital media companies Adobe already attractive for investors?
Let's look at fundamentals and technical aspects.
Fundamental indicators:
Revenue and Profits - demonstrated consistent and explosive long-term earnings growth over the past 10 years
Profit margin - impressive 40% in 2021
P/E - still overpriced with 37x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
The sharp drop in March 2020 has completed a Running Flat correction that lasted for more than year and a half
Since then Adobe has enjoyed over 170% gain in its share price with a clear impulse movement
Having peaked at nearly $700 in November 2021 it has completed global wave 3 that started in August 2011 - very lengthy growth cycle
And hence it is time for even longer correction than the one we observed in 2018-2020, the duration target is end of 2023
Global wave 4 has already started with rapid correction from the historic high, the potential support levels using Fibonacci retracement are 0.5x and 0.618x, $360 and $280 respectively. But given still quite high P/E ratio it is more likely for Adobe to reach lower level of this zone
Once support is found then we are likely to observe a very lengthy corrective movement in the range between the lower support level and the maximum price of $700, which will provide short term opportunities for bull and bears
What do you think about this scenario for Adobe ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Adobe (NASDAQ: $ADBE) Wicks Thru Golden Pocket! 🕯️ 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.
Adobe (ADBE) | Quite Close To Technical Buying Area!Hi,
Criteria inside the box:
1. 50% drop from the ATH
2. Strong horizontal levels
3. The trendline
4. EMA's from different TFs
5. Mid-numbers
Do your own research and if its matching with mine then you are ready to go.
Regards,
Vaido
ADBE Symmetrical Triangle Breaking DownWe are currently two hours into todays session. ADBE has consolidated in a symmetrical triangle pattern for the past 3-4 weeks. This pattern is generally a neutral pattern with a bias toward the current trend. The current trend is down since the 20ma < 50ma < 100ma. My CB-RSI indicates downward pressure and MACD is nearing a bearish crossunder. The price action has broken the consolidation to the downside and is pointing to former support near 415. I think that would be a good target. Should that support fail, I will look to 485 as the next target. Risk Management is key. I will stop the trade if we close above the 5 ema which happens to be inside of the consolidation range.
ADBE respecting this channelADBE has been riding inside this channel for months now. (Zoom out in the daily TD for a better view)
Give market weakness, i would favor another leg lower after rejecting at the top of the channel.
However if it breaks to the upside, could see a strong push towards $460.
MY NEWBIE WAY OF THINKINGThat was on 4th of these month as in work on something it was released this price with which my lard of word to express I tame it the high side of the yesterday pre-market close, between 468.95/493.30
I think if it is the way it's work as in retesting manners of any trending trend, it will if not today test that zone from where today have is beginning.
ADBE holding strong support 417 to 420 zoneADBE is a fundamentally great company with a lot of moat.
It is currently holding an accumulation zone & showing relative strength compared to other tech stocks,
Not trading advice
Short-term Bullish on AdobeI'm looking at ADBE today. Seeing a lot of good signs for a shorter-term play. I'm seeing Bullish Divergence on the Daily chart (as well as recent 4-hr Bullish Divergence). In addition, ADBE has entered a *strong* buy zone on the lower indicator (something that hasn't happened since 2011). Working against ADBE is the negative momentum, however, I think there's a good chance we see bulls step in over the next few weeks. I'm interested in increasing my exposure here.
Good Luck
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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Wolneyyy's Quarterly Update!Hey guys! Hope all is well.
I get lots of questions about what companies I like and what companies I don't like. I review the top ~900 or so companies every quarter to keep my analysis fresh.
Here's the most recent update: 4/1/2022.
Compounders: tradingview.com
Value Destroyers: tradingview.com
Let me know in the comments if you have any questions about my reasoning!
ADOBE is preparing for take-off!ADOBE has several signals suggesting a take-off!
First, it has broken a major dynamic resistance in price, which has been formed since November 2021.
Second, it has broken another major dynamic resistance in RSI, which has been formed since November 2021.
Third, the daily price has formed a reverse head and shoulders.
The only problem is Ichimoku which shows resistance at the current time. Wait for a clean break out and retest of the neckline and then enter to gain massive profit!
