Adobe (ADBE) is nearing near its 52-week lows at $340, amid pressure from AI competition and negative sentiment.
Charlie Moon reveals how he would consider trading ADBE, what he believes could be the stock’s “make-or-break” moment, and he reviews a few other broader market trends.
Charlie covers:
- ADBE’s defense of key support and potential for a $360 breakout or $320 collapse
- His August 22 out-of-the-money strangle strategy for $360 calls/$320 puts
- Technical resistance at $325-$326 and the risk of a LULU-like meltdown
- AI-driven sentiment challenges from platforms like ChatGPT and Grok
- Apple and Nvidia’s influence on market momentum, especially Nasdaq
- Cloud sector struggles (Snowflake, Datadog) and crypto’s bullish surge
Want More From the Prosper Team?
Mike Shorr is hosting a FREE live training at 8 PM Eastern tonight to outline how his 3-step options system is designed to help traders potentially hit their profit targets in under 60 minutes.


