Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis November 23 2022

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 23 2022, 

ADI Stock Market Analysis: Moving higher as expected, looking for further upside into wave {v}as we already broke previous wave {iii}. Eventually we’ll be looking into longer term positions ifwe are completing a higher degree wave 1 and consequentially 2.

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

ADI Technical Indicators:Above all averages.

ADI Trading Strategy:Looking for equality of {v} vs. {i} to be reached at 175$

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Analog Devices Inc., ADI: 4-hour Chart, November 23 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for further upside into wave {v} as we are approaching0.618 of {v} vs. {i} and we have an open gap to be potentially filled where the yellow rectangle is.

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

ADI Technical Indicators: Above all averages.

ADI Trading Strategy:Looking for short term longs to build into wave {v}.