Tuesday, November 1, 2022 10:42 AM EST
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Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (Nasdaq: ADI) Daily Chart, November 1, 2022,
ADI Stock Market Analysis: We have a potential three-wave move which seems complete and we can see a potential leading diagonal in a wave 1 position forming off the lows.
ADI Elliott Wave Count: Wave {i} of 1.
ADI Technical Indicators: Below are all EMAs, moving around the 20EMA.
ADI Trading Strategy: Wait for further confirmation before considering long-term positions.
Analyst: Alessio Barretta
Analog Devices Inc., ADI: 4-hour Chart, November 1, 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Looking for one more move lower into wave (c) to complete potential wave {ii}.
ADI Elliott Wave count: Wave (c) of {ii}.
ADI Technical Indicators: Below all EMAS.
ADI Trading Strategy: wait for wave (c) to be completed before looking for longs, eventually you may even take a risk and take a quick short on a potential wave (c).
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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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