Jump to content

Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis December 5 2022


Recommended Posts

Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (ADI:NASDAQ): Daily Chart, December 5 2022,  
ADI Stock Market Analysis: I slightly changed the count to allow for further upside into one last move higher in wave {v}.
ADI Elliott Wave Count:  Wave {iv} of 1.
ADI Technical Indicators: Above all EMAs.  
ADI Trading Strategy: Looking for longs into wave {v} being aware that the upside should be limited.  
 
TradingLounge Analyst: Alessio Barretta
 
ADI_12_5.png.c4a004ef93673f7df2ea76fc15a0fe30.png
 
 

 
Analog Devices Inc., ADI: 4-hour Chart, December 5 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Looking for wave {iv} to potentially be a running flat as it stands right now. We are seeing bearish RSI divergence which could signify an imminent wave {v}
ADI Elliott Wave count:  Wave (c) of {iv}.
ADI Technical Indicators: 20EMA currently acting as support.  
ADI Trading Strategy: Could be looking for longs with a stop below wave (iv) or else wait for further confirmation.
ADI_4H.png.dad38910eed2a6f83769673bb55c99e1.png
 
  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...
us