Long term support line is on play. Stop loss just below the line
NASDAQ:ADBE has recent pulled back to the levels where it becomes a buy and strong buy. Fundamentally the stock is valued at 650-700 levels, hence the majority of analysts median is at 640-650. Technical analysis shows that we are at important fib-level with 475 being a strong support level. We may observe a rapid upside by next earnings, which was the case in...
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.
Hello Traders and Investors, in this video I will take a quick look at Adobe. -------- 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...
I see the possibility of a five-wave drop. It's going to break down the low.
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...
I am bullish Adbe here, it is on bullish zone and I guess soon will touch to 550 my price target 550
We see further upside after ABC close. It's a zigzag pattern.
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.
Strong support after pullback strong dayli wekly rsi dont miss out pt 520 545 short 560 565 long
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...
What do you mean #Bitcoin isn't just another #Tech stocks such as #Adobe? They are all tied by the similar capital flows.