On December 15, Adobe will announce the Q4 and Full Year 2022 earnings, if market expectation is positive, then today we could see it rising to its resistance level of $348-350, otherwise it should fall towards its support level of $325.
Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.
Today’s instrument is the Adobe Inc.‘s stock traded in Nasdaq exchange under the ticker ADBE.
Looking at the ADBE‘s chart, we see that it is last traded at around $338.
In two days, on the 15th of December, Adobe will announce the Q4 and Full Year 2022 earnings, and if the market’s expectations is positive, then today we could see it rising towards its resistance level at around $348-350, otherwise it should fall towards its support level at around $325.
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