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Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis December 20 2022


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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, December 20 2022, 

ADI Stock Market Analysis: At this point we have topped in wave 1 and are now pullbing back inwhat could be wave 2. Looking for a clear three wave move into wave 2 to then look for longs.

ADI Elliott Wave Count: Wave {a} of 2.

ADI Technical Indicators:20EMA acting as resistance

ADI Trading Strategy:Looking for the end of wave 2 to then place longs.

TradingLounge Analyst: Alessio Barretta

 

ADI_12_20.png.e5dfde6e145720e4aba8fa2e0846f8e6.png

 

 

 

Analog Devices Inc., ADI:4-hour Chart, December 20 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis:It seems like we have five waves down into wave {a} and arelooking for upside into wave {b}. We could potentially find resistance on the way back to the20EMA or else to the area of wave (ii) of {a}.

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

ADI Technical Indicators: In between averages.

ADI Trading Strategy:Looking for shorts into wave {c} with a stop above wave {a}.

ADI_4H.png.d435693a96cc413588f06f0e713a3dfd.png

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