A 15% descend for a blue chip ticker like ADBE in a day is, well, simply crazy. Sure, ADBE fell short in their recent earnings report in terms of revenue and their fourth quarter forecast, but the huge gap down was largely driven by ADBE's expensive deal to acquire FIGMA.
Personally, the clear victor of the deal was FIGMA. Even with FIGMA's expectations of 2022...
How I idealised this trade: Woke up slightly later than usual and as I tried to catch up with the market happenings, I realised that whilst the S&P500 has had a great rebound, my portfolio (mainly SPY and blue chip tech stocks) was relatively flat. Digging in further I soon realised that the financials were leading the rebound for S&P 500.
I compared severable...
On the news that NVDA sales to China were restricted by the US government, investors were quick to dump the stock resulting in a gap down and sustained long bearish candle. The break below the double bottom lows (5 Jul and 14 Jul) forms a compelling short that confirms the short term uptrend is no longer sustained and the bears look ready to take over. The newest...
I'm loving the setup here. Despite the recent market weakness, TSLA has held above the confluence of key horizontal support at 265 (purple line) and the 300 EMA. The strong bullish candle today serves as a follow through from the bounce yesterday off 265 line, breaking the short term down trend) indicating possible bullish momentum in the days ahead.
Entry:...
![ADBE: [16 Sep] ADBE plummets on $20 Billion Figma Takeover](https://s3.tradingview.com/e/emnxJSyy_mid.png "[16 Sep] ADBE plummets on $20 Billion Figma Takeover")
![C: [8 Sep] Financials Rebound [Reversal Trade]](https://s3.tradingview.com/5/5W0xOgSa_mid.png "[8 Sep] Financials Rebound [Reversal Trade]")
![NVDA: [2 Sep] NVDA Dives [Gap Down]](https://s3.tradingview.com/p/pTfPlsfB_mid.png "[2 Sep] NVDA Dives [Gap Down]")
![TSLA: [7 Sep] TSLA Bounces [Reversal Trade]](https://s3.tradingview.com/q/qv2CIlX2_mid.png "[7 Sep] TSLA Bounces [Reversal Trade]")
