ADBE- Adobe is an AI stock but gets no credit Buy the Reversal ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative
content work faster and with more creativity. The company has a healthy balance sheet and
not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets.
Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of others, it
makes its money the old fashioned way it earns it keeping its legions of subscribers productive
with its products and the support of them.
On the 240 minute chart, I have shown price action cycling through a slow trend up and
then a breakdown through the VWAP bands. Price is now reversing with a signal firing on
the mass index indicator. The first target is 590 at the mean VWAP bandline while others
are 615 and 640. In many ways software companies like PLTR and MSFT are hotter than
Super Micro-Computers ASML and the semi-conductors. I need more software companies
in my deployed plays. ABDE is setup for a trade up and I will take a long trade of stocks
and some call options.
