Image Source: Unsplash
 

Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (Nasdaq: ADI): Daily Chart, 31 May 2023.

ADI Stock Market Analysis: We reacted higher off equality of C vs. A as expected and we seem to be wanting to continue higher.  

ADI Elliott Wave Count: Wave C of (2).

ADI Technical Indicators: Above 200EMA.

ADI Trading Strategy: Looking for further upside into wave 1 to resume upside, we will have additional confirmation once we break the top of wave B.

Analyst: Alessio Barretta

Analog Devices Inc., ADI: 1-hour Chart, 31 May 2023.

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for a potential five wave move off the lows, e are now expecting a three wave move into wave (ii) to then look for potential longs.

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

ADI Technical Indicators: 20EMA as support.  

ADI Trading Strategy: Looking for a three wave move pullback in wave (ii) before resuming higher.

More By This Author:

Elliott Wave Technical Analysis: DexCom Inc. - Tuesday, May 30
Elliott Wave Technical Analysis: Dogecoin/U.S. Dollar - Tuesday, May 30
Stocks Bullish Trend - Elliott Wave Technical Analysis