Upcoming Earnings:
Adobe Inc. (ticker: ADBE) is scheduled to report earnings after the market closes on 13 June. The consensus EPS estimate for the fiscal quarter ending May 2024 is $3.54. The reported EPS for the same quarter a year prior was $3.04.
Kumo Cloud Demanding Attention
According to the Ichimoku Indicator, an Ichimoku Cloud resistance is present nearby, formed between the Leading Span A at $459 and the Leading Span B at $470. What is likely to drive interest in this area, apart from the downtrend that has been underway since price action formed a double-top pattern at $634 earlier this year, is the two converging ascending and descending lines to indicate resistance (these are not technically trendlines), which merge at $482.
Price Direction?
Technical analysts have quite a simple chart to work with ahead of tomorrow’s earnings.
The combination of a downtrend, the ascending/descending lines offering resistance, and the downtrend is perhaps enough technical evidence to draw in seller interest if the Ichimoku Cloud is challenged.
Adobe Inc. (ticker: ADBE) is scheduled to report earnings after the market closes on 13 June. The consensus EPS estimate for the fiscal quarter ending May 2024 is $3.54. The reported EPS for the same quarter a year prior was $3.04.
Kumo Cloud Demanding Attention
According to the Ichimoku Indicator, an Ichimoku Cloud resistance is present nearby, formed between the Leading Span A at $459 and the Leading Span B at $470. What is likely to drive interest in this area, apart from the downtrend that has been underway since price action formed a double-top pattern at $634 earlier this year, is the two converging ascending and descending lines to indicate resistance (these are not technically trendlines), which merge at $482.
Price Direction?
Technical analysts have quite a simple chart to work with ahead of tomorrow’s earnings.
The combination of a downtrend, the ascending/descending lines offering resistance, and the downtrend is perhaps enough technical evidence to draw in seller interest if the Ichimoku Cloud is challenged.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.