By
Peter Mathers
of
Trading Lounge
Thursday, December 15, 2022 6:46 AM EST
Analog Devices Inc., Elliott Wave Technical Analysis
![](https://talkmarkets.com/contributor/david-marshall/user_content/ckimages/orig_capture_638067014128641182.webp)
Analog Devices Inc., (ADI): Daily Chart, December 15 2022,
ADI Stock Market Analysis: It has been moving as expected from the previous update. Looking for a potential top in place as we could have started wave 2.
ADI Elliott Wave Count: Wave {v} of 1.
ADI Technical Indicators: Above all averages.
ADI Trading Strategy: Looking for longs on the pullback in wave 2.
TradingLounge Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_adi_12_15.webp)
Analog Devices Inc., ADI: 4-hour Chart, December 15, 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: There is a possibility wave {v} is finished. Alternatively we can bein wave (i) of {v} and extend higher.
ADI Elliott Wave count: Wave {v} of 1.
ADI Technical Indicators: Currently using the 20EMA as support and the top in wave {v} has been made on RSI divergence.
ADI Trading Strategy: Looking for longs into wave {v} if we turn out to be in wave (i) of {v} or else we are looking for shorts.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_adi_4h_638066953660356108.webp)
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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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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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