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

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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

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.
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