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CCby u/chris_clark·18hAnalysis

Odds on $ADBE dropping below $250 by Friday's close

Been watching $ADBE for a bit here. It's up slightly today, sitting around $259.32, but it touched $255.555 earlier in the session. I'm looking at the chart and the general market sentiment for tech. We've seen some pretty choppy action this week, and while today's a green close, there's not a strong conviction behind it, at least in my view. I'd put the probability of $ADBE closing below $250 by Friday at about 35%. It's not a high conviction bet, but the risk-off sentiment could easily pick up again, pushing it down from here, especially if we see any more hawkish Fed talk or general market jitters.

2 comments · 6 points

2 Comments

YSu/yousef.sultan·13h

Not seeing the setup for $ADBE to break $250 by Friday. It's held support well and the overall market isn't collapsing. You'd need a significant catalyst for that kind of move in just two days.

20
MWu/marco_w·16h

That's an interesting call. While it's been choppy, the bounce today feels pretty resilient after that early dip. What makes you think it has another $9 to drop by Friday?

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