Price is in overbought. Inversion is imminent. We had the sell signal when pirce broke down the green support. READY TO SHORT!!
H&S might be forming on ADBE. It is s strong topping pattern and indicates reversal of trend. Watch for price to drop through neckline at 92.5 with high volume to confirm.
Institutional buying is occurring in ADBE. Higher handle consolidation forming. Breakout buy point $95.19
extend the movement in this region would release some steams and cool down rsi
Adobe has been in an upward channel since Septemebr 2013. Though overall stock market has been volitional the channel thus far remains intact. As long as the bottom support line holds up it looks like ADBE will continue to rise.
I sold $ADBE under 87.00 with stop loss at 87.60 ... im looking a target area at 85.50
CHART OF THE DAY at 1-19-2016 BUY $ADBE at $89.17
SYNOPSIS: Predictive/Forecasting Model sees reversal at 97.11 Geo's Off-Set Rule #3 sees support at 46.85 Interim Bullish support expected at 66.60 Best, David Alcindor Predictive Analysis & Forecasting Durango, CO - USA Twitter: @4xForecaster Linked-In: David Alcindor TradingView: www.tradingview.com .
I want to start by giving thanks to the fellow member, Jangoshee, for pointing this little gem out. We have price breaking down into a clear five a structure and now making a wave 2 correction to the upside. I plan to sell in the .618-.764 fib area, and then more on a clear breakdown. I have added two ris's with different settings, as i find both settings help me...
NASDAQ:ADBE Bearish divergence on RSI, looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$; Second target around the 61.8% retracement @79.66$; The last one, a full retracement back to the 70$; How to trade this: Open a short position that can be divided into three,...
BUY ADBE 91.41 Target 1: 95.08 and Stop: 88.68)
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...
Break Descending Wedge, Bullish Engulfing Confirmation, Major Trend Up. Low IV suitable for buy call,Bounce on Fibs 61.8
Friends, We are hoping the morning star signal will give the propulsion necessary to bring this stock above the channel resistance I am showing both the daily and weekly chart of Adobe, both, even in sync are incredibly bullish. I really like this trade. This has technically broke out already, but it's still a nice time to buy on a pullback on a lower time...
H & S - came back up Price is near the right shoulder of the H & S pattern. Short term support may e just under $70.