Disclaimer: The analysis intormation is tor reterence only and does not constitute an Investment recommendation.

"Regarding ADBE for the week ahead, I predict that it may create a new support level at a share price of 320, with a high resistance level of 336-338. However, it failed the backtest at 336 on Friday, March 10th, and with earning reports coming up, if the earnings missed in a bearish market, ADBE may experience a significant falling wedge. The first support level for ADBE is at a share price of 320 for a soft landing, while the second support level is at 293 for a hard landing. The share price of 274 is a very strong support level, which is the accumulation trendline. I hope it can stay strong and show consolidation to recover. For long-term investment, I suggest looking for entry between 277-286, as ADBE has great financial health. ADBE's short-term assets (9.0B) exceed its short-term liabilities (8.1B), and its long-term assets are at US 16.7B. Additionally, ADBE has more cash than its total debt, and its debt to equity ratio has increased from 22.2% to 29.4% over the past five years. The debt is well-covered by operating cash flow (189.8%), and the interest payments on the debt are well-covered by EBIT (119.6x coverage). ADBE's physical assets are at US 2.3B, and it has US 2.1B in receivables. Its equity is at US 14.1B, and its other liabilities and debt are at US 8.6B and US 4.1B, respectively."
Trend Analysis

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