ADBE chart favors lower moves but showed resilience post-earnings with a bounce; a drop to $225 triggers a potential long entry for a longer-term hold.

Now, the next one I want to talk about is Adobe. Very interesting chart, right? Taking a look purely at the chart, you could say, well, Lton, this definitely favored a move lower on Adobe Brook.

This beautiful ups sloping trend line continued to fall.

Where would support be? Well, the stock initially opened down off of earnings, right? We can see that what happened. Well, they double beat they beat earnings and beat revenue expectations.

But one thing that they unfortunately didn't do was raise guidance and and as a result of uh poor guidance or lowered guidance rather the stock kind of fell into the open right but you can see that investors weren't as worried and the stock has fully recovered.

The key level that I liked was this gap fill down here around 225. An additional one here around 23775. And it actually, if we take a look at the extended trading hours, that's actually where the stock went.

Yes. Uh this morning around 8:00 hitting that gap fill and having a beautiful bounce.

Let's see that bounce if I can measure this. Yeah, it's getting like a five and a half percent bounce from that key gap fill level. If it continues to fall 225, I'd consider an entry long for a longerterm play, but ultimately we'll have to see what the stock ends up doing.