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...
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
ADBE suppress by the top to bottom golden ratio of 1.382
This chart shows the weekly candle chart of Adobe's stock over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the highest point of Adobe's stock in the past two weeks has been suppressed by the top to bottom golden ratio of...
Adobe's stock has risen by 4 small bands
This chart shows the weekly candle chart of Adobe's stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Adobe's stock has risen by 4 small bands since the short-term bottom formation at the end of September 2022, and the bull momentum...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Adove stock is actually approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $380 level.
You can also see that overall weekly market structure is about to shift...
Adobe is well on the way to completing wave B in green, although the course still has got some room to expand the current movement. However, before the resistance at $402.49 at the latest, it should turn downwards again. Thus, the share should drop below the support at $278.23 and into the adjacent gray zone between $278.96 and $227.74, where it should then...
Looking at the ADBE Adobe Inc options chain ahead of earnings , i would buy the $325 strike price Puts with
2023-01-20 expiration date for about
$17.25 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
