Adobe Inc.
Short

Stock Of The Day / 03.13.25 / ADBE

65
03.13.2025 / ADBE #ADBE

Fundamentals. Positive earnings report, but forecasts are slightly lower than expected.

Technical analysis.
Daily chart: Downtrend. Yearly minimum is ahead.
Premarket: Gap Down on increased volume.
Trading session: The pullback after the initial impulse from the opening was stopped at 393.80. The next few attempts to return and hold above 393.80 were also unsuccessful. At the same time, the price formed a tightening to the level from below. We are considering a short trade to continue the downward movement.

Trading scenario: Pullback along the trend (false tightening) to level 393.80

Entry: 391.17 when the structure of the tightening to the level is broken

Stop: 394.81 we hide it above the candlestick of the last pullback

Exit: We observe a pullback-free movement without a clear trend structure after entering the trade. It is optimal to fix such movements in parts upon reaching certain Risk/Rewards targets (1/3, 1/4, etc.) with subsequent stop tightening.

Risk Rewards: 1/3

P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.

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