High Expectation for the #AdobeHigh Expectation for the Adobe if the price break the 348.2 will up to 355.19
Adobe
Long Position on #ADOBEAdobe is a growth stock and therefore I expect a good channel run.
Especially after their -6% decrease they can rebounce because of their supportive lines (e. g. EMA 200, EMA 100, EMA 50).
Your Christian Schönfeld
Adobe Deathcross DailyThere seems to be some discrepency regarding the nature of the rising broadening wedge, with some thinking its bullish while others bearish. I believe it is bearish, following Bulkowski's chart pattern rules. Short should be placed just under or above 200DMA if deathcross follows through. For a rising broadening wedge to be valid three or more touches must be evident at resistance and support lines.
ADOBE INC (ADBE) is near the Key Historical Level!The price is near the Key Historical Level 313.00.
The best place foe open Sell will be under that level after the false breakout.
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ADBE Correction BouncesCorporate buybacks struggle against heavier rotation by Dark Pools. ADBE steps downward to bounce at support levels.
ADOBE - DAY TRADEHi, today we are going to talk about ADOBE
We observe a 15M, some important points. The details are highlighted above.
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Adobe in TroubleDescending triangle setup with RSI that is compressing for a big move. Could print as a reversal pattern, but given overall market weakness, it is likely to descend lower.
Short idea - AdobeBeing one of the best growth stocks, NASDAQ:ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started.
Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.
Adobe updateAs part of NASDAQ Adobe has market cap of $141.73B. Price ranging on the price target of majority of banks and investment funds. However, Bank of America and Morgan Stanley price it above $300. Company showed positive earnings over the 1-year period, next earnings date is September 17.
Nice uptrend line respected multiple times. Now ranging around it and the 200SMA on 4 hour. A support zone around $277 and small downtrend line from August 8 now show price being wedged in, gearing up for the break, but failing ti make new highs, showing more selling pressure at the moment or investors taking profit. Upside break looks more attractive or wait for test of support to buy with a great risk-reward.
Good Luck!
ADBE Gaps Over Short-Term ResistanceADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
ADOBE near buy pointAdobe yesterday reported financial results for its second quarter fiscal year 2019 ended May 31, 2019. The after hours price is around 288.50 (+4.23%). Watch 291.81 as a buy entry if the stock breaks out with high volume.
Adobe: One last round of volatility before the new bull run.Adobe Inc is pulling back inside a 1D Channel Down (MACD = -0.030, RSI = 51.065, Highs/Lows = 0.0000) after the late April High. Having made a Golden Cross formation in mid March, is waves a long term buy signal. But on the shorter term a tough phase is expected where the 1D MA200 should be tested again, most likely providing the necessary support for the new long term bull cycle.
At least this is what happened on the last occurrence of the Golden Cross in in 2012. Golden Cross, then a market Top, same break below the MA50 inside a Channel Down and multiple tests of the MA200 which eventually held. Our long term TP for Adobe is 310.
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ADBE : Long opportunityADBE just had a positive ER for this quarter.
This stock gapped up after earning report, filled the gap a few days later as a result of profit taking.
ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet.
It will most probably bounce higher for the next few weeks.
$ADBE Adobe, resistance turns in to support, $300 incoming$ADBE Adobe, resistance turns in to support, $300 incoming
ADBE: bearish signalOn the daily chart of Adobe shares, a bearish divergent bar was formed after a 5 sub-waves structure in the latest bullish wave. I expect an ABC corrective movement, which would be my profitable zone.
Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe! Open a PUT Option or SHORT THE SHIT out of $ADBE | #Adobe!
Adobe to spike on Adobe Max Conference, 2018I believe the risk / reward ratio on Adobe is a good swing trade at the moment. The Adobe Max Conference is coming up in a few days, and historically Adobe stock has benefited from this. There is speculation about a possible Photoshop for iPad release as well, which could give investors a lot of hype.
Bears eyeing ADBE divergenceADBE has been a beast for a long time, but there are signs the bulls may be exhausting. The daily chart is looking toppy with upper wicks of profit taking and clear resistance at 272.50, and a potential bearish reversal Head & Shoulders pattern forming on the daily. The support to break is 257 to confirm the pattern.
The daily chart is setting up minor RSI bearish divergence and pretty significant MACD bearish divergence.
This is one I'm going to wait for to come to me. Bearish RSI and MACD divergence on the weekly can be seen going back to November 2017 and the odds are always against the bear standing in front of a bull stock at all time highs. Any bears who took this short at the first sign of the divergence have long become insolvent.
