Will Adobe (ADBE Stock) fall towards the 325 level?

AAATrade Team AAATrade

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 15 th 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.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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