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Adam Khoo, executive chairman and co-founder at Adam Khoo Learning Technologies Group, shared that he has no current position in Adobe after selling at $414 in May last year.
He indicated that he may consider re-entering as a short-term trade if Adobe can break and close above the $259 resistance level, which would confirm a 1-2-3 trend reversal.
Khoo recently reported his portfolio gained 16% year-to-date, even as he missed rallies in quantum computing and space stocks, according to a previous update. He has also commented on developments at RACE, expressing relief for not buying shares amid what he described as troubles facing the company in a separate note. These disclosures reflect his ongoing evaluation of market opportunities.