ADBE
Adobe Faces New Challenge as OpenAI Enters Video Creation SpaceAdobe (NASDAQ: NASDAQ:ADBE ) found itself on shaky ground as OpenAI, the renowned artificial intelligence startup, unveiled its latest innovation: Sora, a groundbreaking text-to-video generator. The announcement sent shockwaves through the tech industry and prompted a sharp decline in Adobe's ( NASDAQ:ADBE ) stock price, signaling a new era of competition in the realm of creative content creation.
OpenAI's Sora represents a significant leap forward in AI capabilities, with the ability to transform simple text descriptions into lifelike video scenes. This remarkable technology promises to revolutionize the way videos are produced, offering unprecedented levels of creativity and efficiency. Unlike previous AI models that focused on written articles and static images, Sora opens the door to dynamic storytelling through video content, with intricate details and realistic motion.
The impact of Sora's debut was immediately felt in the financial markets, as Adobe's ( NASDAQ:ADBE ) stock plummeted over 7.41% in response to the news. Investors reacted swiftly to the prospect of OpenAI encroaching on Adobe's ( NASDAQ:ADBE ) territory, fearing the potential disruption to the company's flagship Creative Cloud suite and its dominance in the creative software market.
OpenAI's Chief Executive, Sam Altman, wasted no time in showcasing Sora's capabilities on social media, sharing sample videos that captured the imagination of viewers worldwide. From whimsical scenarios like "Two golden retrievers podcasting on top of a mountain" to more complex narratives, Sora demonstrated its versatility and potential to redefine visual storytelling.
For Adobe ( NASDAQ:ADBE ), the emergence of Sora poses both a challenge and an opportunity. While the competition from OpenAI may threaten its market position in the short term, it also serves as a catalyst for innovation and adaptation. As the boundaries between human creativity and AI capabilities blur, Adobe ( NASDAQ:ADBE ) must embrace this paradigm shift and leverage its expertise to stay ahead of the curve.
The sharp decline in Adobe's ( NASDAQ:ADBE ) stock price highlights the need for proactive measures to address the evolving landscape of AI-driven content creation. Beyond the immediate financial implications, Adobe ( NASDAQ:ADBE ) must reevaluate its product strategy and explore ways to integrate AI technologies into its existing offerings. By harnessing the power of AI to enhance user experience and streamline workflows, Adobe ( NASDAQ:ADBE ) can reinforce its position as a leader in the creative software industry.
In conclusion, OpenAI's introduction of Sora marks a pivotal moment in the evolution of content creation, signaling a new era of competition and innovation. While Adobe ( NASDAQ:ADBE ) faces challenges in adapting to this disruptive force, the company has the resources and expertise to navigate the changing landscape successfully. The road ahead may be uncertain, but with the right strategy and vision, Adobe ( NASDAQ:ADBE ) can continue to inspire creativity and empower creators worldwide.
Trade Planning: Learning Through Consistency and DisciplineIm going to do a series of posts that are all about trade planning and learning about consistency and discipline through a practice. In this exercise, I will be consistently planning, executing what I planned, and documenting 30 trades.
A trade plan consists of a method, trade management, position sizing, documentation and review. A trade plan should state ahead of time, exactly where to enter, where to place stop, how the trade is managed, where to exit, and position sizing. This kind of accountability and responsibility offers a contrast to the our normal ineffective emotional impulses that we usually make our trade decisions from so that we can make a choice. I will talk more about each part of the trading plan future posts.
This exercise is not about the method, a setup, picking the right stocks, being right, winning, loosing, or predicting markets. It doesn't matter if all the trades are losses. The purpose is to learn about consistency and discipline through your own personal insight.
Its through discipline and consistency that we begin to re-wire old ineffective habits and develop an effective mindset for trading markets. Doing something consistently also offers a bassline to compare and truly learn.
There is often resistance to this kind of responsibility. If you want to take up the guidelines of the practice, just step into it as much as your ready for and make it your own. This is not meant for you to follow my trades or worry about my method or setup. Its not important and besides, my setups lose most of the time anyways. Use your own method, there are plenty out there and work on making it as simple and objective as possible. I also suggest you start out sim trading this or using very small size.
ADBE Testing ResistanceADBE is showing some great strength and testing the local high set in the middle of December. It's been consistently bouncing off the 50 EMA on the 65min chart and looks ready to break through. Might happen today, or even better, a Monday red to green should send it straight through on high volume.
Adobe: Knock Knock ✊Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our 33% probable alternative, which is the low of the magenta-colored wave alt. (2) would initially shift slightly lower.
Nuvei and Adobe Forge Partnership to Foster eCommerce Payment
In a groundbreaking move set to reshape the landscape of eCommerce payments, Nuvei Corporation, a leading Canadian fintech company, has announced a strategic partnership with Adobe ( NASDAQ:ADBE ), the global leader in digital experiences. The collaboration aims to empower businesses operating on Adobe Commerce, a key component of Adobe Experience Cloud, to streamline their payments infrastructure, enhance customer experiences, and expand into new markets.
The key highlight of this partnership is the seamless integration of Nuvei's comprehensive payment suite into Adobe Commerce through a single API. This integration provides Adobe ( NASDAQ:ADBE ) Commerce customers with unparalleled access to Nuvei's global reach and connectivity, offering a wide array of payment options, including card payment acceptance and access to a staggering 680 local alternative payment methods (APMs). This means businesses can cater to diverse consumer preferences, ensuring a more personalized and convenient online shopping experience.
For B2B and B2C businesses across various verticals such as retail, consumer products, manufacturing, technology, and healthcare, this collaboration brings a significant reduction in complexity. Nuvei's agile, full-stack technology simplifies the payment relationships for Adobe Commerce users, allowing them to focus on scaling their commerce offerings without the burden of managing multiple integrations.
One of the standout features of Nuvei's API integration is its support for over 680 regional APMs. This opens up new possibilities for Adobe Commerce merchants to connect with their customers on a local level, offering tailored payment experiences that resonate with diverse cultural and regional preferences. The partnership also facilitates international expansion through a single integration, enabling businesses to effortlessly navigate the complexities of global commerce.
In addition to alternative payment methods, Adobe ( NASDAQ:ADBE ) Commerce customers can leverage Nuvei's capabilities to enable Automated Clearing House (ACH) account-to-account transactions in the U.S. This move aligns with the rapid growth observed in both volume and value of account-to-account payments in the U.S., across both B2C and B2B transactions. With the introduction of the FedNow instant payment infrastructure, this trend is expected to further accelerate, positioning businesses for future success in the evolving payments landscape.
Jason Knell, Senior Director of Content and Commerce Partnerships at Adobe, emphasized the importance of adapting to customer demands for personalized and convenient online shopping experiences, especially after a record-setting holiday season for eCommerce. He stated, "By working with Nuvei, Adobe Commerce provides merchants greater flexibility in the payment experience, for consumers shopping online, as well as across B2B channels."
Philip Fayer, Nuvei Chair and CEO, echoed these sentiments, stating, "For businesses, an effective, personalized approach to payments strategy is key, and that is what this partnership is delivering for users of Adobe Commerce." The collaboration between Nuvei and Adobe signifies a commitment to empowering businesses globally, providing them with the tools to navigate the dynamic eCommerce landscape and meet the evolving expectations of consumers in an increasingly interconnected world.
In conclusion, the Nuvei-Adobe partnership marks a significant milestone in the evolution of eCommerce payments, offering a unified and comprehensive solution that empowers businesses to thrive in a digital-first era. As the demand for personalized and convenient online shopping experiences continues to grow, this collaboration sets the stage for a new standard in payments technology, ensuring that businesses can not only keep up with the pace of change but also stay ahead of the curve in the competitive world of eCommerce.
Updated Swing Trading Watchlist - Pullback OpportunitiesHello Traders,
As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist:
www.tradingview.com
This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed:
Selection of Stocks in Strong Uptrends: Our primary filter is selecting stocks exhibiting strong uptrends over the past weeks or months. We use specific criteria like stocks trading above their 50-day and 200-day moving averages, a sign of enduring strength. Additionally, we look for stocks outperforming the market index, indicating relative strength.
Volume Analysis During Pullbacks: We observe the trading volume during pullbacks. An ideal scenario is a pullback on lower-than-average volume, suggesting a lack of selling pressure. A sudden increase in volume can sometimes signal capitulation, which might lead to a potential reversal.
Key Support Levels and Technical Indicators: Stocks approaching critical support levels, such as major moving averages or historical support zones, are of high interest. We combine this with technical indicators like the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge oversold conditions and potential bullish divergence.
Price Action and Chart Patterns: We're scrutinizing price patterns that align with Minervini's SEPA (Specific Entry Point Analysis) criteria. This includes looking for stocks forming bases, tight consolidations, or exhibiting orderly pullbacks without significant volume spikes. Flags, pennants, and narrow range days near support areas are particularly noteworthy.
Sector and Market Sentiment Analysis: Understanding the current market sentiment and sector rotation plays a crucial role. Stocks in leading sectors or those showing resilience in a weak market are preferred. We also consider the broader market trend and economic indicators to assess the overall risk environment.
Risk Management and Entry Points: Each stock on our watchlist comes with a predefined risk management plan, including stop-loss levels and potential entry points. We're waiting for a reversal signal, such as a high-volume rebound off a support level or a break of a short-term downtrend line, to initiate positions.
Earnings and Fundamental Check: While our focus is on technical analysis, we don't ignore fundamental aspects. We check upcoming earnings dates and ensure that the stocks have solid fundamentals, aligning with Minervini's preference for quality stocks.
Conclusion : This watchlist represents a blend of technical prowess and strategic foresight, aiming to capitalize on pullback opportunities in strong stocks. Remember, the key to successful swing trading lies in timing, precision, and risk management.
Stay alert for real-time updates as these setups evolve. Let's capture the market's rhythm together!
Adobe: Downhill! ⛷️The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.
ADBE is coming closer to an important resistance Strong AI beneficiary, NASDAQ:ADBE , had a great move since Oct'22 bottom, advancing more than 100%, and is still in stable uptrend. What are the price levels long investors and traders need to be cautious about?
My structural analysis of price dynamics shows that there is an important level of mid-term resistance in 590-625 that may serve as the topping area and lead to start of the correction towards important support zone 510-466.
This support zone is the main crossroad between two counts presented. If 466 level will not hold under any perspective selling pressure, then macro-bearish white count becomes operative with lows below Oct 22 to be expected.
If price manages to stay above this 510-466 level, then at least one more leg-up towards 680+ would be my main expectation.
Another important cautious sign from the volume perspective, is escalating weekly distribution candle in Sep, with yet no contra-accumulation bars.
It is still early and inappropriate to take decisively bearish stance, due to price being in supportive uptrend and not breaking any even short-term moving averages. The purpose of this analysis is to provide potential framework for important resistance area ahead for any long positions already established.
The analysis is valid until price stays below 625. Decisive move above 625 will force me to reconsider and re-do the analysis.
Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Author's personal multi-years trading experience convinced him that analysis and opinion doesn't pay, only price pays and that one shall not ever argue with price
ADOBE A good buy for the long runAdobe Inc is trading between the MA50 and MA100 (1d) on a Fibonacci Channel that depicts very accurately the strong 1 year uptrend.
The first phase traded inside Fibonacci 0-1, the second is trading inside 1-2.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 700.00 (All Time High and Fibonacci 3.0 level).
Tips:
1. The RSI (1d) crossed over its MA, after rebounding on the Buy Zone. A strong bullish signal.
Please like, follow and comment!!
ADBE, Second BEAR-Fractal, SHORT-Momentum DOOMSDAY Incoming!Hello There!
Welcome to my new analysis of ADBE. This stock has been massively battered by the major bear market decline setup in the gigantic bear channel. This stock did not exceed any new highs and did not have the potential to emerge with new bull momentum. The bears are still present within this stock and this is exactly why the bear momentum for this stock can accelerate heavily any time soon. There are several major bearish indications that are underlining the bearish scenario for the stock in an overwhelmingly precarious way.
Three reasons why the bear doomsday scenario for the stock is present, starting any time soon:
1.) Massive Liquidations: Over 250 Billion positions have been liquidated within the previous bearish doomsday market decline wave towards the downside.
2.) Weak Momentum: The momentum with which the recent meager recovery wave setup is highly fragile and is likely to turn anytime soon.
3.) Major Short-Side Positioning: A vast amount of institutional and smart money operators are positioning their selves on the short side. Always an important indication especially with retail traders positioned in the other direction.
Why shorting the stock through the upcoming second bear doomsday scenario will be the best approach in the current and upcoming market conditions:
1.) Second bearish ascending wedge fractal: The stock is going to complete exactly the same bearish ascending wedge fractal towards the downside once again.
2.) Total-Return Approach: By shorting the stock a trader has the candidature to a total-return approach, the trader is profiting when prices fall and at other times when they go up.
3.) Liquidation Acceleration: Once the whole ascending fractal has been completed it will trigger a fast-paced bearish wave making profits much faster than in an uptrend.
The most prevalent determining indications that are going to activate the upcoming bear market scenario wave for the stock:
As it is seen in my chart ADBE completed the huge bearish ascending triangle fractal exactly by moving into the upper distribution zone from where it emerged with the pullback towards the downside and set up the massive 250 Billion bearish liquidation wave towards the downside. This wave developed very fast and by positioning oneself before this huge bearish wave and completion of the fractal towards the downside a trader could make a big load of profit in the market.
Now, ADBE is still trading within the gigantic descending channel formation in which it has the most prevalent upper resistance distribution channel which has been the origin of the massive bearish waves towards the downside before and is now already setting up the upcoming 300 Billion bearish liquidation wave towards the downside which is going to activate the completion of the second ascending wedge fractal and the preceding wave C towards the bearish direction.
In the next times, the whole bearish ascending wedge fractal will be completed with the breakout below the lower boundary followed by the breakout below the 65EMA and 100EMA from where the bearish trend acceleration is going to unfold huge accelerations towards the downside and the severe bearish continuations towards the lower target zones. Especially, in this case, the market could still continue beyond this level in the bearish direction.
Upcoming Perspectives and the major underlying factors that are primarily important for consideration on the short side for the stock, the sector, and the economic field:
It has to be mentioned that an economic field with high interest rates, spreading inflation, a stagnation within the sector is setting up the determination to increase this whole bearish wave development, especially with a more bearish volume moving into the market. Also, highly determining in this case is the actual technology developments because when they reverse in an economic field this will have massive bearish effects on the stock as well.
Now, for traders it is highly important to follow such market situations with the appropriate setup within the market, especially in such times it is necessary to have the right positioning within the market because a massive bearish pressure acceleration can start anytime soon considering a huge acceleration in the inflation, a smart money operator bearish market making in which the bearish conclusion will be inevitable, an expiring futures market in which a lot of futures turn to an bearish volatility in the market. This is why traders need to position their selves before all these heavy bearish scenarios are set up.
In this manner, thank you everybody for watching my analysis of ADBE. Support from your side is greatly appreciated.
VP
ADBE suppress by the top to bottom golden ratio of 1.382ADBE suppress by the top to bottom golden ratio of 1.382
This chart shows the weekly candle chart of Adobe's stock over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, the highest point of Adobe's stock in the past two weeks has been suppressed by the top to bottom golden ratio of 1.382 in the figure, and the high point in early June and low point in mid August this year are exactly 2.000 positions in the top to bottom golden ratio in the figure! So, in the future, just use the top to bottom golden section of 1.382 in the figure as the watershed to determine the strength of Adobe's stock!
ADBE Adobe Options Ahead of EarningsIf you haven`t bought ADBE ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 600usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $32.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Adobe's stock has risen by 4 small bandsAdobe's stock has risen by 4 small bands
This chart shows the weekly candle chart of Adobe's stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Adobe's stock has risen by 4 small bands since the short-term bottom formation at the end of September 2022, and the bull momentum has been perfectly released! The recent peak of Adobe's stock has just peaked at the top to bottom golden ratio of 1.618 in the picture, and now it has fallen back to 2.000! In the future, the top to bottom golden ratio of 2.382 in the figure will serve as the long short divide for Adobe's stock!
ORCL Large Cap Tech Setting up Bearish ContinuationORCL may not be joining the technology stock parade. Although it ran up
on the 2H chart with a good 30% rise between earnings. the MACD indicator
showed a double top. On the retracement, the price descended but then
stalled. It came up short of a 40-50% retracement and went sideways
into a flat top triangle. The MACD indicator has been with a negative
red histogram and now a downward-curving set of lines.
I see this as a short trade setup in stock not thriving in the technology
run-up. It could be that investors are simply deploying cash to far better
profit opportunities and not considering this stock as a good move.
Others may be already shorting this. I will join them.
ADBE - Rising Trend Channel [MID -TERM]🔹Breakout rising trend up in the medium long term.
🔹Supports at 450 if NEGATIVE reaction occurs.
🔹RSI bearish diverges against the price, indicating downward reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
ADBE Adobe Options Ahead of EarningsAnalyzing the options chain of ADBE Adobe prior to the earnings report this week,
I would consider purchasing the 460usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $21.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.