AI has killed Adobe!
Long live Adobe!
Or something clickbait to that effect.
Top green circle teeny tiny number in the top right…
For the backtest window ADBE spends 62% of its time trading above zero on those wiggly lines at the bottom.
Simply when it trends it trends higher.
Bottom green circle when my measure of signal strength is very low across all timeframes we have trigger_9b which is a short hand way to say some numbers got to some combination of values which in the past have been important.
Greter than 10 days we have a ~60% chance of a positive return. Like UNH before perhaps a shorter hold may suit us in this one?
Chris there have been multiple of these same triggers in the last weeks and months!
Yup, and they generated a +5% and a +12% return. We can’t all be smashing in multi-baggers.
Looking at the max returns 10-20% might be on the cards.
Who knows!
Trigger_4b also “popped off” which is a combination of negative momentum timeframes.
So perhaps we get a double whammy?!
All of this is to say make it small, the stock looks like shit and this is picking a bottom which is never easy.
A very small call option position that won’t hurt the 40% of the time it is wrong but could be big enough to make it a fun outcome.
If you need a “catalyst” or a read on the “fundies” you are in the wrong place, and I can’t be arsed to use chatGPT to pretend I know what I am talking about.
Here are some people that at least look like they know what they are talking about!
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