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...
Selling Jan 400 puts - Vol. on the high end and gap @ $453 - $440. I don't see this dropping 20%. I am willing to take assignment.
It opened today in a daily demand zone of 490.42 - 475. If it respects this demand it will not go longer than $475.
ADBE gapped down 14% today below the 200MA. Such a huge drop has confirmed that it is correcting the whole rally from Sept 2022. Expect a bounce and further downside into the 0.5 to 0.618 retracement of this rally in the monthly timeframe. In the daily timeframe, it would coincide with the zone between 420-450 I expect in April.
Short-term bearish until...
An yearly upward cycle has had all the conditions to close and now a new T+5i is on the edge. This means that we can not go back to the tops for at least...3 months.
497.86 is the critical swing that if broken will bring downtrend at least till summer time at most till 2025. (this is also a first target price.
In general such situation allows to have better...
NASDAQ:ADBE There is a potential head and shoulder forming. $500 is critical support. If that fails, $456 is possible.
$456 area should provide a strong support. 👀
Adobe ( NASDAQ:ADBE ), the pioneering force behind creative software solutions like Photoshop, faced a significant setback as its stock plummeted by 12% following a disappointing quarterly forecast. This downturn, fueled by fears of intensified competition and concerns over Adobe's ability to capitalize on generative AI integrations, underscored the challenges...
ADBE is looking bullish for earnings . I am posting this chart on 13th March 2024 at 11:38pm.
Original entry was $535 &SL was $519.SL is still the same but target is $673 now.
If you have any doubts feel free to DM.
NOTE: DO NOT TRADE OPTIONS
I may or may not trade ADBE this week. They have earnings but also have room to run to the upside and if key levels are broken to the downside, we have plenty of empty space in that direction as well. I'll keep my eye on ADBE but not a fan at the moment.
Shares of Adobe Inc. (symbol ‘ADBE’) have incurred losses in the last quarter of around 7% with the majority of it being made in the last two weeks of February. The company’s earnings report for the fiscal quarter ending February 2024 is due for release on Thursday 14th March, before the market opens. The consensus EPS is $2.97, against $3.57 in the same quarter...
Very recently, OpenAI shocked the entire world when it revealed its newest AI tool, Sora, an extremely impressive tool capable of transforming text prompts into captivating and realistic videos. The boundaries of what OpenAI can achieve seem to be expanding at an unprecedented rate, first with text-to-image conversions, and now with text-to-video magic. Some...
Technicals:
Daily ExDiv1
Weekly Fake Crown Forming. Bears to be stopped out at 638.93.
Weekly Extreme with uHd
Weekly Chikou does not confirm daily double top. There is a high probability for bears to give up at the highs.
Weekly Fake Crown in the making:
Daily ExDiv1:
ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative
content work faster and with more creativity. The company has a healthy balance sheet and
not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets.
Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of...
Adobe (NASDAQ: NASDAQ:ADBE ) found itself on shaky ground as OpenAI, the renowned artificial intelligence startup, unveiled its latest innovation: Sora, a groundbreaking text-to-video generator. The announcement sent shockwaves through the tech industry and prompted a sharp decline in Adobe's ( NASDAQ:ADBE ) stock price, signaling a new era of competition in the...
based on pure wyckoff perspctive,
it looks like there is a change of character which signifies transitioning of phase C of wyckoff event to phase D
position initiated as attached
Pure Wyckoff
As you can see the cloud is a bit greenish for a while and its a healthy cloud while the price action seems to be in consolidation potentially to breakout in this coming days in technical side of it the price just cross above the tenken sen while the kijun sen remains flat and below the price which considers a good bullish trend while the chinkou span is pointing upwards.
