Elliott Wave Technical Analysis: Analog Devices Inc. - Wednesday, Nov. 23

Board, Electronics, Computer, Electrical Engineering

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (Nasdaq: ADI): Daily Chart, November 23, 2022, 

ADI Stock Market Analysis: Moving higher as expected, looking for further upside into wave {v}as we already broke previous wave {iii}. Eventually, we’ll be looking into longer-term positions if we are completing a higher degree wave 1 and consequentially 2.

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

ADI Technical Indicators: Above all averages.

ADI Trading Strategy: Looking for equality of {v} vs. {i} to be reached at 175$

Analyst: Alessio Barretta

Analog Devices Inc., ADI: 4-hour Chart, November 23, 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for further upside into wave {v} as we are approaching0.618 of {v} vs. {i} and we have an open gap to be potentially filled where the yellow rectangle is.

ADI Elliott Wave count: Wave (i) of {v}.

ADI Technical Indicators: Above all averages.

ADI Trading Strategy: Looking for short-term longs to build into wave {v}.


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