After 2.5 months of consolidation in a tight range, finally crossed/closed above 350.
Strategy: 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 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 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...
Adobe 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...
If 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.
NASDAQ:ADBE Looking to buy above 306.75 stop 304.50 Target 309/313.22
Surpassed 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
sell below 224.75 target 217.75 TP1 TP2 208.25 STOPLOSS:228.75
CHECK THIS OUT.... NICE PATTERN ENTRY ABOVE 269.25 TARGET IT IS OPEN... STOPLOSS 264.25
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.....
Buy opportunity in 240min chart Entry - 122.55, stoploss -119