Elliott Wave Technical Analysis: Analog Devices Inc. - Friday, Dec. 9

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (Nasdaq: ADI): Daily Chart, December 9, 2022, 

ADI Stock Market Analysis: ADI has been moving as forecasted in the previous update. We are still looking for further upside into wave {v} to then complete potential wave 1.

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

ADI Technical Indicators: Above all EMAs with some sign of bearish RSI divergence

ADI Trading Strategy: Looking for short-term trades to the upside or else wait for a larger pullback in wave 2 to then look for longs.

Analyst: Alessio Barretta

Analog Devices Inc., ADI: 4-hour Chart, December 9, 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: It looks like we will either have a flat or a triangle in wave {iv} as it could already be completed. A break south of the red line would start to compromise the whole count. 

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

ADI Technical Indicators: 20EMA acting as support.

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


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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