Pedro Acosta crashed twice in 24 hours at the Austrian MotoGP—once in the Saturday Sprint, and again in Sunday warm-up. Most riders would have lost their heads. Instead, he lined up Sunday, stuck to his setup, managed his tires, and won the race.
Trading works the same way. A bad week or a sudden dip isn't a reason to abandon the plan.
1. ADOBE ($ADBE) — THE RETEST & FIBONACCI ZONE
Adobe closed Friday at $235.47, dipping under our $240 line.
Looking at the bigger picture - from the $190.12 low up to the $294.53 high - this drop is still above the 61.8% Fibonacci level ($230.00). It is also executing a classic Backside Retest of the medium-term descending trendline (from the December 2024 high through the June 2026 peak) that it broke out of on 28 July.
Management changes (CFO exit, CEO succession, Wadhwani leaving) create headline noise, but we don't panic-sell right into major technical support.
The Plan: 5-day grace period. If ADBE closes next Friday below the $230.00 floor, we sell the whole position. Otherwise, we hold and let support work.
2. NOVO NORDISK ($NVO) — THE STOP HELD
NVO closed Friday at $38.80, barely holding above our $38.50 base level.
Shares dropped 8% on Monday after a disappointing investor meeting, but good trial results for their new weight-loss drug came out on Tuesday. The system held through the noise, and the price stayed above our line.
The Plan: Hold our position into the Q4 FDA decision. A weekly candle close under $38.50 is a red flag.
3. ROCKET LAB ($RKLB) — QUIET PROGRESS
Closed Friday at $73.95 - up 13.2% from our $65.34 entry.
With pre-flight testing done and funding secured, the stock is grinding higher without needing big news. Institutional money is taking note too - Cathie Wood’s ARK funds added another $25M in shares this week. But our anchor remains the $62.00 support shelf and execution on the Neutron flight path. Hold until the first launch.
4. THE OTHER 22 POSITIONS
22 of our 24 positions needed no action this week. MSFT gained 3.66% on Friday, BKNG bounced back to $163.95, and KTOS continues to consolidate ahead of November earnings.
The system isolates the noise so you only focus on what actually needs a decision.
5. WATCHLIST & NEXT WEEK
ADBE $230.00 Floor: No knee-jerk Monday sell order; next Friday's close makes the call.
NVO $38.50 Base: Holding ahead of Q4 FDA news.
NFLX $70.10 Shelf: Closed at $71.15; holding.
Watchlist Priorities: Micron ($MU) at the $1,100.00 floor, Constellation ($CEG) in the $265.00 resistance zone, and Coinbase ($COIN) testing $190.00 support.
Disclaimer: The Slow Capitalist is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. All content represents the personal opinions of the author. Investing involves significant risk, including the loss of principal. Discuss your individual financial situation and risk tolerance with a qualified professional before making any investment decisions. The author may hold positions in the securities discussed.