The Long Investor
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$ADBE TOP 10
🕑 Added 2025-03-17 08:58:53 +0000 UTCNegative reaction this month to a double beat on earnings which confirms that $ADBE is still in its corrective pull back.
We can see that there was a bounce on the 0.618 Fib at $413 at the start of the year and bounced to the 0.5 Fib at $457, before rejecting and pulling back to making a lower low now.
This has been a strong flush down post earnings too, which is a typical sign that a bottom is approaching I believe.
If the 0.618 Fib is not recaptured next then there will be a test of the lower 0.78 Fib next at $351.
$ADBE is a Top 10 chart so I believe that this is an opportunity once support is found.
Comments
David Köster
Hey Cap, what are your thoughts on ADBE currently?
Dylan Longden
I’m wondering how you are looking at ADBE today? We are in a rising wedge and it’s getting very narrow now!
