The Long Investor
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$ADBE - TOP 10 - WATCHLIST -
🕑 Added 2025-05-21 09:23:40 +0000 UTC$ADBE has moved from -20% YTD to -6% YTD and broke out of its bullish descending wedge which has been in place since the start of 2024.
The wedge apex also held support on the 0.78 Fib at $351 before breaking out, which is an undervalued level for Wave C to complete at.
Two big tests coming up:
Staying above the 0.618 Fib at $413
Breaking above the 50 and 200 WMA at $475.
Clearing both of these resistance levels and it is clear skies ahead and a move back to $700 is next for me then
If the Wave C level was Primary Wave 2 completing, then the Primary Wave 3 target is the 1.618 Fib at $924.
Comments
Dipen Patel
I think AI becomes a driver of growth for them. Fantastic company. https://www.cfodive.com/news/ai-driver-growth-monetization-software-adobe-cfo/743111/
Alejandro Rey
Are fundamentals supporting this growth? Is AI supporting ADBE growth or a risk in what is comes to image creation and editing?
