Adobe Systems Incorporated (ADBE) is a large diversified software company that operates worldwide. The company deals in digital media and cloud services that allow customers to access the latest versions of its creative products. The stock had been a big winner over the last couple of years, more than doubling since the start of 2020. However, a recent...
Chart currently forming a cup and handle to retest $583. KEY LEVELS: $583 (resistance) - If broken, could close gap to $600 $550 (Support) - If broke, could fall to $500 and more.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
I decided to enter a long trade on ADBE before the market closed today. ADBE is a fundamentally strong company with a wide moat/competitive advantage. Despite the company beating its most recent Earning estimates, the price of Adobe dropped by -23.50% ($164) from its previous high ($702) over the last 29 days. Due to the strong fundamentals I believe that the...
Found several heliocentric cycles in price action, conversion from degrees to price is close to $332, which is almost exactly the geometric price alignment of $331.40 on 3/31
ADBE. Let's try to make money from rebound from resistance on 1h timeframe. Take profit ≈ $624 (+11%) Stop lose ≈ $548(-2,3%) this is not a financial recommendation. Take care.
Adobe has traded up off the trendline today and formed bullish RSI, CCI and OBV divergences.
IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs. Trade setup is drawn in chart. The risk-reward-ratio is above 4. Top 10 holdings MSFT (10%) CRM (9%) ADBE (9%) INTU (7%) ORCL (6%) NOW (5%) ADSK (2%) PANW (2%) SNPS (2%) WDAY (2%) Good luck.
Welcome to our Weekly V2-Trade Setup ( ADBE ) ! - 4 HOUR Bullish price action! DAILY Closed above main support level.. WEEKLY Looking for another wave! - STOCK SETUP BUY ADBE ENTRY LEVEL @ 640.82 SL @ 593.48 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free...
Watching for a break above all time highs for a bullish move. Using Fibonacci extensions to gather future price targets. The 1.13 fib will act as the level where we should watch for a retest of the breakpoint. The 1.618 will act as a longer term target. If needed, use the 1.27 to get a shorter term target.
This is a chart of $CRM. The bars pattern is of $FTNT. You can do this with $ADBE and a number of other tech stocks as well. You'll probably notice $ADBE is leading, I'm betting $CRM will follow. Both will catch up to $FTNT. The structure is ready, we've been drawing this bull flag forever. We've lost all hope in stocks. Biden flushed everyone out that is scared...
The company's shares have been steadily rising for several weeks now. So far, there is no reason to stop the progressive movement of the global trend. I expect the price to break through the resistance. Target 720 $
It worked again. S&P 500 has not been able to break out from this resistance level since GFC.
Sentiment: Bullish - sideways This week (week 30) there will be an MRI sell on ADBE indicating the probability of an 1 to 4 week correction. As you can see on the chart last week's candle was a very strong up candle so it has yet to be seen if we can get the correction or not. For me it all depends on the candle we will print this week. Especially having the MAs...
To keep it simple, fair value or intrinsic value for a stock can be measured by calculating earnings with a reasonable long term growth rate. Some tech stocks are currently enjoying extraordinary growth rates averaging around 40%. Some are even higher. Tesla has an earnings growth rate for the current year of 99.6% and the PE ratio is 684.15 at the current...
The range resistance level could be broken upwards with the minimum target level in the 650 region.
The weekly time frame shows a clear bounce off of previous trendline resistance-turned-support. A test of $525 is likely.