Adbe seems to be setting up nicely for earnings. With $505 holding supports and liquidity already being taken from the $530 area adbe could be looking at a post earnings pop to gap fill or at least pop and retest the $530 area before going higher. I see $550 being tested by early 2025. I am playing this with commons as i am not as certain on the time element as a i am the trend.
Note
ADBE my top idea right now for rest of this year and 2025. There is a real chance of a narrative shift on this name from "AI loser" to "AI winner"
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i'd very much like to see $530-$535 area tested sooner than later. Would be a better setup for earning report.
Order cancelled
disappointing, i took the L and sold at
485ish.
I will relook if the CEO is ever replaced, until then this is dead to me.