SELL ADBE! Target : 1) 105.21 2) 103.81 3) 102.40 Trade with care!
$ADBE stellar run going out of channel but should come back in after temporary move similar to Feb breach to the downside.
$ADBE rising wedge on daily. Looking for move south to the 200 ma.
Skewed reverse head and shoulders followed by a trend line break to the upside. Looking for 1.272 extension of 103
Hi traders, Adobe has been a great investment for traders. It tripled in value in the 3 years. I am looking for a long entry after the retracement. Entry: $ 90.56 Stop: $ 87.73 Target: $ 99.94 = R:RR 3.31 Good luck.
ADVE- Option Put buying on earning Trade Logic: Strong insider selling in stock & in related industry, high probability head & shoulder pattern & Earning Option Play Entry Price: 99.50, option entry $2.55 Target Price: First Target 95.37, Second Target 91 Option: Jul2016, 97.5 Put for $2.55 You can check our detailed analysis on ADVE in the trading room link...
Im basing my prediction on the support and resistance ranges from the gann fan. I believe it will begin to trend up at least above resistance from previous trend.
Adobe has had quite a healthy run! ...So expect it to get sick - very VERY SICK! But then it'll get better, waaay BETTER! Go LONG @ $8 / share =p
A setup on 1H timeframe, setup transfer to Daily is possible. There are no new lows in the 1H TimeFrame, and the flag has now formed. I'm waiting for a breakout above 94.50.