Analog Device Inc., Elliott Wave Technical Analysis

Analog Device Inc., (Nasdaq: ADI): Daily Chart, 13 July 2023

ADI Stock Market Analysis: We have been looking for upside ever since the bottom in place at 162$. I personally opened longs on the pullback in wave {ii}, and took some profits off the table at 190$. Given the most recent movements I have reasons to believe we have not completed the five wave advanced yet, and we could still be in the making of wave 1.  

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

ADI Technical Indicators: Above all averages.

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

Analyst: Alessio Barretta

Analog Device Inc., ADI: 4-hour Chart, 13 July 2023

Analog Device Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Here’s a clearer view of the advanced form the 162$ low. Looking for upside into wave {v} to unfold as expected. Looking for potential resistance at 200$.

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

ADI Technical Indicators: Above all averages

ADI Trading Strategy: Looking for longs into wave (iii)

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