Elliott Wave Technical Analysis: Analog Devices Inc. - Friday, Nov. 18

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (Nasdaq: ADI): Daily Chart, November 18, 2022,  

ADI Stock Market Analysis: Moving perfectly s expected from the previous forecast. Looking for a pullback in wave {iv} which should represent a buyable opportunity.  

ADI Elliott Wave Count:  Wave {iv} of 1.

ADI Technical Indicators: Above all averages

ADI Trading Strategy: Looking for confirmation of wave {iv}.  

Analyst: Alessio Barretta

Analog Devices Inc., ADI: 4-hour Chart, November 18, 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: We are finding support off the 1.618 {iii} vs. {i} as the 20EMA is getting closer.

ADI Elliott Wave count:  Wave (a) of {iv}.

ADI Technical Indicators: Above all averages, RSI bearish divergence which could indicate an imminent wave {v}.  

ADI Trading Strategy: Looking for longs into wave {v}. 


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