This languishing software giant is forming a base. Using options to trade a bounce
By Nishant Pant
Published on April 7, 2026.
The markets have been struggling since late October due to geopolitical issues, including the Iran conflict, and high-growth, high-beta stocks such as Adobe (ADBE) have lost roughly 35% of their value since December. However, signs are emerging of a base forming, with several tech companies attempting to bounce. Using a classic mean-reversion setup in ADBE using two specific indicators, Fast MACD (5, 13, 5) and the Relative Strength Index (RSI), ADBE, indicates that buyers are taking control. The trade setup involves a bull call spread, which allows investors to catch the upside without leaving an account wide open to risk. The entry cost of about $2.50 is about $240.50.
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