Corporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
Hi, today we are going to talk about ADOBE We observe a 15M, some important points. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should...
First support at 267, if broken, next one at 265
Descending triangle setup with RSI that is compressing for a big move. Could print as a reversal pattern, but given overall market weakness, it is likely to descend lower.
Being one of the best growth stocks, NASDAQ:ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started. Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.
As part of NASDAQ Adobe has market cap of $141.73B. Price ranging on the price target of majority of banks and investment funds. However, Bank of America and Morgan Stanley price it above $300. Company showed positive earnings over the 1-year period, next earnings date is September 17. Nice uptrend line respected multiple times. Now ranging around it and the...
ADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
Adobe yesterday reported financial results for its second quarter fiscal year 2019 ended May 31, 2019. The after hours price is around 288.50 (+4.23%). Watch 291.81 as a buy entry if the stock breaks out with high volume.
Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long...
ADBE just had a positive ER for this quarter. This stock gapped up after earning report, filled the gap a few days later as a result of profit taking. ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet. It will most probably bounce higher for the next few weeks.
$ADBE Adobe, resistance turns in to support, $300 incoming
On the daily chart of Adobe shares, a bearish divergent bar was formed after a 5 sub-waves structure in the latest bullish wave. I expect an ABC corrective movement, which would be my profitable zone.
Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe!
Took this short. Targeting 0.38 fib retracement level at 178.
Went long on this bounce.