Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just...
If you’re not familiar with Fibonacci, familiarize yourself. Right now, we have price holding the .618 or if you’re a technical analysis aficionado, we have right shoulder forming on the inverse head and shoulders. I’m looking for a break out of the downtrend and a larger move up.
Adobe ( NASDAQ:ADBE ), the software giant known for its innovative tools in creative content production, is delving deeper into the realm of artificial intelligence (AI) to enhance its renowned Premiere Pro video editing software. In a strategic move, Adobe ( NASDAQ:ADBE ) is exploring a potential partnership with OpenAI and other third-party AI developers to...
NASDAQ:ADBE Adobe is getting close to $456 stated in March 15 post. Why do I think $456 could provide strong support? It's because it is the convergence area of two VWAPs and the 50% golden fib retracement zone.
Can it overshoot and fill the gap around $440? Possible.
This morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile.
On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike:
The Spike...
Reasons for bullish bias:
- Price bounced from support
- Gap down after positive earnings most likely would be filled
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 521.19
Stop Loss Level: 481.40
Take Profit Level 1: 560.98
Take Profit Level 2: Open
ADBE is not only sitting close to a yearly low, but also has formed a MASSIVE cup and handle on both the daily, and monthly chart!
RSI is oversold below 40.
Looking for a breakout from the handle.
PT is over $900 for September/October 2025.
This is not financial advice. Just my interpretation of the chart pattern and fundamentals.
Stock is in a nice uptrend. Good strong pull back on nice earnings. BUY LOW< SELL high, at / around the 200 sma on a weekly. Buying pp and selling CC to create a net credit and loss of $3 WORST case and making $45 best case :-)
This could be a good opportunity to scoop up more shares of ADOBE later this week/month. If it falls through the green bullish trend line and falls further south towards the support line between 258 to 278, that would be an attractive price that I would buy more.
Ignore the chart. It's incredibly distorted, maybe the time frame is too much for TradingView. I might try and upload an undistorted version in the comments below. Anyway.
I thought ADBE might have a breakout soon so I spent a couple hours this morning making this chart. Conclusion: Holders of ADBE will get a Christmas present this year. ADBE will try to...
If you haven`t bought the dip on ADBE:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 560usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $27.70.
If these options prove to be profitable prior to the earnings release, I would...
Dear traders,
Id like to share this idea in order to take long positions. Lets take adavantage of this sell off and start looking of buying positions.
450- 490$ is is a good price range to look for buying opportunities.
best,
As shown on the chart, here was what happened
I bought NASDAQ:ADBE on February 5, right near the resistance, expecting a break out into new high.
The stock did not break out and started to go down.
I sold 50% of my position on February 16 as it crossed down the MA-150 on huge volume. Actually I should have started selling on February 15 as it crossed down its...
NASDAQ:ADBE met earnings expectations yesterday, but set low guidance for 2024. ADBE is having a strong selloff from this low guidance, and this selloff is taking place near previous all time highs. I think ADBE is a very bullish stock, and I am interested in buying this dip. I'm thinking there will be a buy opportunity below $480 and will track ADBE to look for...
