Strong AI beneficiary, NASDAQ:ADBE , had a great move since Oct'22 bottom, advancing more than 100%, and is still in stable uptrend. What are the price levels long investors and traders need to be cautious about?
My structural analysis of price dynamics shows that there is an important level of mid-term resistance in 590-625 that may serve as the topping...
Wide-moat Adobe reported good third-quarter results, including revenue and non-GAAP EPS that exceeded the top end of guidance and our expectations along with it. We characterize management’s fourth-quarter guidance as in line with investor expectations, which given recent strength and with Firefly AI now generating revenue, could be interpreted as a slight...
ADBE is forming a Good old classic Head and Shoulders pattern at the top.
I would wait for the that tiny little gap to fill on the top and build short position.
Short Entry between 535-540
Downside Target#1 - 440
Downside Target#2 - If you are really lucky, 395
- This trade is with the daily and H4 trend
- There is a pattern on M15 and M30
- There is a lot of divergence
- This is a fast-moving pair so there is high stop loss but it should fall to the bottom (500)
ADBE make or break level here, rejection at trend resistance sends it to 484 🎯
break past TL/426🟢 and push to 567 should follow 🎯
boost and follow for more.. thanks 💛
Adobe Inc is trading between the MA50 and MA100 (1d) on a Fibonacci Channel that depicts very accurately the strong 1 year uptrend.
The first phase traded inside Fibonacci 0-1, the second is trading inside 1-2.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 700.00 (All Time High and Fibonacci 3.0 level).
Tips:
1. The RSI (1d) crossed over its MA,...
Hello There!
Welcome to my new analysis of ADBE. This stock has been massively battered by the major bear market decline setup in the gigantic bear channel. This stock did not exceed any new highs and did not have the potential to emerge with new bull momentum. The bears are still present within this stock and this is exactly why the bear momentum for this stock...
Bookmarking this analysis for future reference. Average purchase price: 308. Solid year for the company with new AI integration into products while showing willingness to learn from defeat and flat out purchase Figma, great long term thinking on this one (hopefully the deal gets approved.....when will it get approved?)
Markets are correcting tho, and giving back...
Adobe Inc is closing to up slopping support line. Consider entry for a long position after successful retest of up slopping support line.
Recommended entry at 528.0
Target price bellow up slopping resistance line marked on the chart. Target price range 580.0-589.0
Remember to place stop loss below support line at 518.0. Falling and closing below this price will...
Back in December 2021, ADBE gave us a Bearish ABCD entry that led us into a Shark BAMM Pattern. Once it made it to the BAMM target, it bounced back up to where it is now. The interesting thing is that the PPO is looking like it's ready to roll over, and it happens to be at what would be a Potential Bearish 5-0 entry. If the PPO crosses below the upper extremes, we...
Shares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 20-month high. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 14 August, after market close. The consensus EPS is $3.17, well up from $2.63 in same quarter last year.
The company has consistently had...
ADBE suppress by the top to bottom golden ratio of 1.382
This chart shows the weekly candle chart of Adobe's stock over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the highest point of Adobe's stock in the past two weeks has been suppressed by the top to bottom golden ratio of...
Earnings this Friday...
Think adbe will correct after this earnings back to 500.
Price broke out of a triangle and the move is now complete
Bearish divergence on daily RSI and chart
Usually with symmetrical triangles the measure move of the breakout is the length of triangle like so :
As you can see, the move is completed.
My short term target is...
If you haven`t bought ADBE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 600usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $32.25.
If these options prove to be profitable prior to the...
It seems Adobe has passed a price level successfully and its heading toward 700 after this breakout. About 500 can be a good level for setting SL at it.
Adobe's stock has risen by 4 small bands
This chart shows the weekly candle chart of Adobe's stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Adobe's stock has risen by 4 small bands since the short-term bottom formation at the end of September 2022, and the bull momentum...
