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Writer's pictureMomentum Stock Alerts
May 10, 20192 min read

$ADBE the 122% Gain Trade if @ or > $300 by October. Position Taken

BotTrigger Trade Alert: $ADBE bought the October 2019 $280 / $300 vertical @ $9.00 for 3% allocation.

MAX GAIN = is $20 for a 122% gain so long as ADBE is @ $300 or greater than upon expiration.

BREAKEVEN → is $289 upon exp & max loss occurs if share price is @ $280 or less than.



Today we have a strong BULLISH ENGULFING bar that has eclipsed the last 2 trading days; this move is occurring while ADBE is happening while ADBE has tagged/held the 50 day moving average. This is a relatively conservative trade model that gives us plenty of room for ADBE to go through market related shenanigans or even if we go through a summer doldrums / malaise period. Please note the bi-colored forecast scenarios of how trading behavior can transpire from here. The main takeaway: The long term primary trend is NORTHBOUND on this name. We have the opportunity to make more than 2x so long as we can get above $300 by October expiration which is 161days / 115 trading days away from now.


$ADBE here is the zoomed in view that shows that the buy signal was triggered today.



Next, we are waiting for $TTD to either fill the gap @ the $166 area or that it firms up a reversal / bottoming pattern within it's existing darvas trading range. It doesn't have to fill the gap...but we need to see more bars & evidence on where that support will take place. $INTC potentially is hammering but we need to see follow through. Other strong names on watch: $SBUX & $MCD at all time new highs. No surprise. Best acting canbis (anybody remember what the symbol is when something is intentionally misspelled) $CURLF all dips have thus been bought trading at all time new highs . $TEAM strong asf along with ZEN, VEEV, ZS, ZM, TWLO, COUP ... & QCOM is right at the precipice of breaking out from a 20-year long darvas trading range. Does this look like a bear market to you?

Comments

Some of the greatest pearls shared by Jesse Livermore:

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“Money is made by sitting, not trading.”

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“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

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“Buy right, sit tight.”

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“Nobody can catch all the fluctuations.”

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“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

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“It takes time to make money.”

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“Don’t give me timing, give me time.”

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