Hello Traders and Investors, in this video I will take a quick look at Adobe.
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Explanation of my video analysis:
Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just...
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...
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98)
With signals for sentiment at oversold extremes, the dip could not be extended.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Trading close to the psychological 300.00 level.
We expect a significant move higher if prices manage to...
Comparing two points that are correlated from there points to the Fibonacci circle
As they are in similar places, price tends to repeat itself, and it can be seen on the chart
I am suggesting continuation along this larger white trendline for price
ADBE is waiting for the next movement. Let's see if we hold UPTREND. You can BUY with a breakthrough, but it is pretty risky. Better to wait and start BUYing around $452. If we go lower next SUPPORT is $438.
LEVELS LONG:
$452
$438
$425 - STRONG BUY
$417 - STRONG BUY
ADBE just broke the support around $463, and we are heading to another support around $438. This could be a good entry-level for long positions. The area from $417 to $438 is a big support zone.
ADOBE INC is a strong company with a strong base of customers. The perfect subscription model with a monthly fee and irreplaceable software that is used worldwide...
