Strong support after pullback strong dayli wekly rsi dont miss out pt 520 545 short 560 565 long
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.
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
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 $27.70. If these options prove to be profitable prior to the earnings release, I would...
NASDAQ:ADBE stock price below SMA200, SMA150, moving down away from the horizontal resistance level. In short term, really bearish
Dear traders, Id like to share this idea in order to take long positions. Lets take adavantage of this sell off and start looking of buying positions. 450- 490$ is is a good price range to look for buying opportunities. best,
What do you mean #Bitcoin isn't just another #Tech stocks such as #Adobe? They are all tied by the similar capital flows.
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...
I have explained what actions to be taken now for ADBE. Do not trade options blindly. If you have any questions do let me know.
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...
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. 👀
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.