ACN
- MarkD
- Black Belt

- Posts: 796
- Joined: Sat Oct 17, 2020 6:15 pm
ACN
I have been following this one for months. Glad it's made the MU buy list. Also watching ADBE with is using AI and making money with it.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
- MarkD
- Black Belt

- Posts: 796
- Joined: Sat Oct 17, 2020 6:15 pm
Re: ACN
ADBE is profitable, the only worry is if that can continue as automation improves. Watching for now as it's making a multi-year basing structure which looks pretty bullish imo. And considering there's plenty of pessimism surrounding the entire software sector, some will thrive.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
- SOL
- Power VS Force

- Posts: 3284
- Joined: Sat Sep 26, 2020 7:32 am
Re: ACN
ADBE is finally starting to look interesting. Even dead cats bounce, and this one is deeply stretched. It is not an ideal spot to short. Yes, it could trade lower, but it is already sitting in the extremely oversold zone. If someone insists on shorting, it would make more sense to wait for a bounce first.
From a risk-reward standpoint, going looks holds less risk. That does not mean it is going to soar to the sun. As MarkD pointed out, the sector is broadly disliked, sentiment is poor, and the stock is trading in the extremely oversold range on the monthly charts.
From a risk-reward standpoint, going looks holds less risk. That does not mean it is going to soar to the sun. As MarkD pointed out, the sector is broadly disliked, sentiment is poor, and the stock is trading in the extremely oversold range on the monthly charts.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
