AdbeBearish Wyckoff Distribution Schematic #2 (unorthodox)
I would be happy to go wrong however I do see this to test 260 in 2 yrs
it has to cross 590 to nullify this setup
ADB trade ideas
Low risk short setupAdbe has done one leg of down and pulling back now. It has now reached 20 DMA which can act as resistance. This is low risk setup with closing above 20DMA as SL. Target 1 - 570, Target 2- 550
Adobe - Go Long MonthlyFresh Demand Zone Created in Monthly Charts.
Can Go Long at current Prices
Targets - 480/535/630 ( 8 Months Basis )
SL is 347.
Should do good..
Do your own research though this is not a recommendation to buy/sell just a viewpoint
Draw a darvas box and trade on the direction of box breakout.Draw a darvas box and trade on the direction of box breakout. SL and hedge must.
Adbe breaking outNASDAQ:ADBE breaking out of the falling trendline. Taking long position. Will add on pullback. My target is 430.
Adobe Continuing sidewaysPositive Signs:
Bounced back from the Upward trendline running from October to May.
Bounced back from the upper part of the flag pattern formed in the last quarter of 2022
Spent just a week below 50DMA & 200DMA and bounced back
Negative Signs:
Volumes are average
Resistance around 385-400 price
Recommendation:
Sell near 385-400 resistance zone OR wait for an upward breakout with good volume.
Adobe is near resistance, with +ve bias. Wait & Watch mode.There are three +ve indicators (suggesting buy)
1. Price moved above 50DMA with good volume on 16th March
2. Price moved above 200DMA with good volume on 17th March.
3. Golden-Crossover (50DMA above 200DMA) on 21st March.
However, the volumes are still lower than average and the price is stuck between 385-400 range, suggesting profit booking in this range.
Short-Term view - book profit in the 385-400 range.
Mid-Term view - wait for a breakout from 400 for a ~10% upside.
Adobe trading near resistance zone, breakout or reversal?Adobe is trading near the resistance zone, breakout should take it to 440 and a reversal should take it down to 350.
Possible base formation and breakout After 2.5 months of consolidation in a tight range, finally crossed/closed above 350.
Adobe stock price near 50DMAStrategy: Wait & Watch till the Quarterly result this month.
Best case: Break out above 440 can take the price to 530-540
Worst case: Break down below 380 can 300-310
Or may it may remain in this tight range of 380-440
Adobe at SupportAdobe has been hammered recently after the forecast of lower growth in the stock's earnings. However, it looks like the correction has been very sharp. There are chances that it might take support at current levels of $500 and this can be a good accumulation zone. I have also marked another lower level if this level is broken which will be held as per me.
Adobe Consolidating in 450-500, can break out to 600, 740Adobe has been consolidating from 450-500 range since August-2020. In a way it's been generating a flag formation since the lows of March-2020.
It's currently at a very crucial level of 450 and it's important that the stock doesn't fall below 450.
On the positive side, if the price breakout can happen above 514 the immediate levels would be 600 & 740. These can be calculated using the Fibonacci levels as well as flag-pole height.
Fingers crossed to 740 levels in coming months...
Adobe stock price at crucial level of consolidationAdobe Spent over 7 months between ~450-500.
Stock price & moving averages are at a very crucial level and near the lower edge of the consolidation window.
The possibilities are:
1. Adobe doesn't come back to 475+ levels by end of week (5-mar). Shows some weakness for coming weeks.
2. Adobe closes below 450, then the fall could be till 380-390. This aligns well with the Fibonacci level as well as last prominent top.
Adobe Stock Up-Flag formation is in ProgressIf Adobe goes above 470 with a spike (in a day or within a week) Then it has a high probability to increase by 25-30% in 2-3 months. i.e. target of 600+
If Adobe goes below 420 then the fall can be down to 370-380.
I'm bullish on this share because it's in in uptrend on the monthly charts.
Sustaining above 277, may be heading towards 329 by end of 2019Surpassed previous high of 277. Currently facing selling/profit booking at 290. If it sustains above 277 in near term, anticipating 329 by end of the year.
Original analysis and target at
BAT BEARISH AND TREND BULLISHCHECK THIS OUT....
NICE PATTERN
ENTRY ABOVE 269.25
TARGET IT IS OPEN...
STOPLOSS 264.25
Excellent confluence....Just go long when ever we see such instance rarely.....
blue crossing yellow and red at the same point....
and hold till blue hits yellow.....
