A close above 372$ area to look for the move up on the weekly, likely catalyst earnings coming up on 9/11 analysts project revenue around $5.35 billion up 12% YoY and non-GAAP EPS of ~$4.50-$4.60 driven by Creative Cloud and Firefly AI adoption. Chart looks amazing to back it up, software is not dead and they're implementing a lot of AI to further their growth not to be put out of business by it. Daily has some trend resistance around 360 and 50 100 MA above that the neckline for double bottom at last local top of 420 will also need to be smashed, pretty much in the clear after that besides a back test, this will take a while to play out but there's a decent shot with all these software companies bottoming at the same time. 
CRM 
NOW 
HUBS
ADBE has also bought back a record 12B in stock this year while it looks like there's a mix of hedge funds open/closing q1. Profitable, growing and lowest valuation in a decade, Firefly might be 29.99/ month but it's safe and makes money compared to some of its free competition, the earnings hopefully show a LARGE increase over expected for subscriptions or a major acquisition.
CRM NOW HUBSADBE has also bought back a record 12B in stock this year while it looks like there's a mix of hedge funds open/closing q1. Profitable, growing and lowest valuation in a decade, Firefly might be 29.99/ month but it's safe and makes money compared to some of its free competition, the earnings hopefully show a LARGE increase over expected for subscriptions or a major acquisition.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.