The markets didn't like the report. What's the worse which can happen? Here I plotted a possible scenario. Price has memory.
Adobe is a wonderful company with a great array of products and services. The company has been gaining traction with its cloud offerings allowing for the conversion of enterprise customers to Enterprise Term License Agreements (ETLAs), resulting in higher Creative Cloud adoption. However, with great power comes great responsibility, and Adobe's expenses have been...
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Adobe (ADBE) exploded upwards on Friday, March 16th after reporting their earnings. At the same time, a huge reversal bar formed on the daily chart with the close at $126.94. The following trading day’s bar closed just below the low confirming a possible reversal of a pretty massive uptrend the stock has been under over the last months. Not to mention, Adobe and...
$ADBE stellar run going out of channel but should come back in after temporary move similar to Feb breach to the downside.
Hi traders, Adobe has been a great investment for traders. It tripled in value in the 3 years. I am looking for a long entry after the retracement. Entry: $ 90.56 Stop: $ 87.73 Target: $ 99.94 = R:RR 3.31 Good luck.
A setup on 1H timeframe, setup transfer to Daily is possible. There are no new lows in the 1H TimeFrame, and the flag has now formed. I'm waiting for a breakout above 94.50.
SYNOPSIS: Predictive/Forecasting Model sees reversal at 97.11 Geo's Off-Set Rule #3 sees support at 46.85 Interim Bullish support expected at 66.60 Best, David Alcindor Predictive Analysis & Forecasting Durango, CO - USA Twitter: @4xForecaster Linked-In: David Alcindor TradingView: www.tradingview.com .
Adobe System has given a recent correction after a long rally. That correction would be a Wave A correction and since then it has retraced back to 61.8% fib which is also the trendline resistance making a Wave B. One can Go short now with stoploss just above the recent high and Targets atleast towards the same lows where the channel line support comes making it a...