Longggg Term Best Buy #adobeMay be not towards the end of 2025, but for more long term
Fundamental Reasons:
A diversified Tech Business which operates as a technology company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.
Its CEO, Shantanu has been recognized by several publications as one of the world’s leading executives, including Barron’s World’s Best CEOs and Fortune Businessperson of the Year lists, and named a Top CEO by Glassdoor based on employee feedback. He is a recipient of India’s civilian honor Padma Shri and the Economic Times Global Indian of the Year award.
10 years revenue CAGR is 6.5 %
The largest Market Cap in its Sector > 192 B USD
Technical Reason:
On Monthly chart it took 4 years to make a Head & Shoulder pattern.
The best monthly closing on 31st Jan 2025 , the doji which is signalling for long term bullish reversal at the end of its right shoulder on montly chart.
This week it enters into its strong resistance Level above 440 - 446
Come to Daily chart, a bullish Harami formed on 29th January .
If this level remains till tomorrow, 31st Jan 2025 , then we have a strong bullish reversal.
1st Long Term Target 700
2nd Long Term Target 800
Best Of luck to me you all!!!