As I already analyzed in the video on Monday (see attached), Adobe just broke the prolonged Weekly Bull Flag since basically August 2020. We broke & closed above the resistance yesterday on the Daily. If the bulls don't fake out & see follow through this week, Adobe can now easily go towards $600 in the coming weeks & months.
Some fundamentals: Adobe has seen quite some upside since they changed from the one-off to the monthly subscription models, since a lot more professionals could now afford it. This obviously got a lot more usage throughout the Covid period, as people were working from the home office.
Given that it still underperformed the S&P500 and went on a sideways consolidation after it rose 90% until the summer, which we have to recognize.
I'm a Photoshop & Premiere Pro user myself, and can see the value of the neat integration in the cloud.
After all: If you're not gonna own the companies you're using yourself, then what? ;)
In this case the fundamentals are now getting confirmed by the technicals.
Happy trading & investing!
Some fundamentals: Adobe has seen quite some upside since they changed from the one-off to the monthly subscription models, since a lot more professionals could now afford it. This obviously got a lot more usage throughout the Covid period, as people were working from the home office.
Given that it still underperformed the S&P500 and went on a sideways consolidation after it rose 90% until the summer, which we have to recognize.
I'm a Photoshop & Premiere Pro user myself, and can see the value of the neat integration in the cloud.
After all: If you're not gonna own the companies you're using yourself, then what? ;)
In this case the fundamentals are now getting confirmed by the technicals.
Happy trading & investing!
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.