Jump to content

Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis 9 June 23


Recommended Posts

Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 9 June 23,
ADI Stock Market Analysis: We were tracking the possibility of wave 2 to be complete as we had a clear three wave move into wave 2. We are starting to resume higher as we are looking for place longs on the way up.
ADI Elliott Wave Count: Wave {i} of 3.
ADI Technical Indicators: 20EMA as support.
ADI Trading Strategy: Looking for upside, we need to break wave 1 in a five wave manner to have additional confirmation.
TradingLounge Analyst: Alessio Barretta
 
ADI_6_9.png.c6564ead2727f9dc1982dca3b2a0ca43.png
 
 

 
Analog Devices Inc., ADI: 4-hour Chart, 9 June 23
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Looking for further upside as we potentially complete wave (i) and (ii) with the red line acting as invalidation level. We broke the top of (i) as we seem to be in wave iv of some degree.  
ADI Elliott Wave count:  Wave (iii) of {i}.
ADI Technical Indicators: Above all averages.
ADI Trading Strategy: Looking for five waves up into wave (iii).
ADI_4H.png.f58c90815bc717e28cc84291372a31fd.png
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
  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 26 February 24, AAVE/ U.S. dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave ((B)) Direction Next higher Degrees: Wave II of Impulse Wave Cancel invalid Level: 47.34 AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: Correction of wave 2 in the Zigzag pattern. Price is currently pulling back in wave B before falling again in wave C. The overall picture is still in an uptrend but is correcting to continue upward. AAVE/ U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillatoris a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!         Elliott Wave Analysis TradingLounge 4Hr Chart, 26 February 24, Bitcoin/ U.S. dollar(BTCUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave ((B)) Direction Next higher Degrees: Wave II of Impulse Wave Cancel invalid Level: 47.34 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Correction of wave 2 in the Zigzag pattern. Price is currently pulling back in wave B before falling again in wave C. The overall picture is still in an uptrend but is correcting to continue upward. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.    
    • Naturally after the debut of ERC 404, it was only natural that developers would begin to take advantage of its ability to bridges the gap between fungible (ERC-20) and non-fungible (ERC-721) tokens. One such project is the Dancing Beans ($BEANS) which allows fractional ownership of hilarious meme-inspired creatures NFTs on the blockchain. About a week ago I wrote about the exponential rise of Pandora to 20,000% plus in just five days setting the bar high for competition! I also spoke about other NFT projects like CryptoPunks and Bored Ape Yacht Club but Dancing Beans brings a fresh twist with. While Focusing on fun and interactivity and community-driven approaches the Dancing Beans team is constantly listening to their fans and creating new experiences based on their feedback... For me though, the question is if Beans can follow the successful dancesteps of Pandora and make players, NFT collectors and investors dance about the figures in their wallets. With my fingers crossed, I'm inclined to hold the Beans I bought on Bitget after the recent listing and it has already gone up by 24%... What are your thoughts guys? Pandora style or nah?  
    • In this comprehensive guide, we delve into the intricate world of Elliott Wave analysis applied to the NASDAQ stock market, with a special focus on trading strategies for major tech stocks including NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). Our latest analysis, following the close on Friday, reveals a subdued ending that aligns perfectly with the peak of Wave i), indicating a dip in short-term momentum. This scenario sets the stage for the formation of Wave (c) of ii), marking a pivotal moment for traders to gear up for the upcoming long trade setup across the indices and specific stocks discussed in our analysis. It's important to note, however, that Apple (AAPL) may stand as an exception in this trend. Currently, we are maintaining open long positions in several stocks, with the strategic goal of further building these positions into Wave iii) and beyond. Our strategy includes adding to and adjusting our entries for Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), and fine-tuning the entry point for Alphabet (GOOGL). The latter presents a heightened risk in the forthcoming trading session, warranting a cautious approach. This analysis not only provides insights into the expected movements based on Elliott Wave theory but also offers actionable trading strategies for investors looking to capitalize on these patterns. Stay tuned for continuous updates and strategic adjustments to maximize your trading outcomes in the dynamic NASDAQ market and its leading tech giants. Video Chapters 00:00  NASDAQ 100 (NDX) SP500, JPM 06:15  Apple (AAPL) 06:53 Amazon (AMZN) 08:19 Meta Platforms (META) 09:51 NVIDIA (NVDA) 10:29 Netflix (NFLX)  11:09 Alphabet (GOOGL) 12:33 Microsoft MSFT 14:13 Tesla (TSLA) 16:40 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com  Join & Learn Elliott Wave from Experts Stay ahead of market movements and make informed decisions with our comprehensive analysis.    
×
×
  • Create New...
us