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

By tradinglounge,
December 5, 2022 in Shares and ETFs

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Posted December 5, 2022

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Posted December 5, 2022

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

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

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