Analog Device Inc., Elliott Wave Technical Analysis

Analog Device Inc., (ADI:NASDAQ): Daily Chart, 8 September 23

ADI Stock Market Analysis: We are looking at a potential three wave move into wave (2) to ten resume the overall upside trend into ATH. We failed to reach quality of C vs. A, but we found support from 165$ and we are now seeing resistance on 180$.

ADI Elliott Wave Count: Wave 1 of (3).

ADI Technical Indicators: Between 20 and 200EMA.  

ADI Trading Strategy: Looking for longs into wave (3) after upside confirmation.

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Analog Device Inc.,  ADI: 4-hour Chart, 8 September 23

Analog Device Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: Looking for a potential wave (i) as we could count five waves off the bottom. However there is also a case for a three wave move. Looking to found support within 180$ to then continue higher.

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

ADI Technical Indicators: Below all averages.  

ADI Trading Strategy: Looking for longs after support on 180$.

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