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Analog Device Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis 13 July 23


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Analog Device Inc., Elliott Wave Technical Analysis
Analog Device Inc., (ADI:NASDAQ): Daily Chart, 13 July 23
ADI Stock Market Analysis: We have been looking for upside ever since the bottom in place at 162$. I personally opened longs on the pullback in wave {ii}, and took some profits off the table at 190$. Given the most recent movements I have reasons to believe we have not completed the five wave advanced yet, and we could still be in the making of wave 1.  
ADI Elliott Wave Count: Wave {v} of 1.
ADI Technical Indicators: Above all averages.
ADI Trading Strategy: Looking for longs into wave {v}.
TradingLounge Analyst: Alessio Barretta
 
 
ADI_7_13.png.fe23fed29d44548d3e84393dc0beec55.png
 

 
Analog Device Inc., ADI: 4-hour Chart, 13 July 23
Analog Device Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Here’s a clearer view of the advanced form the 162$ low. Looking for upside into wave {v} to unfold as expected. Looking for potential resistance at 200$.
ADI Elliott Wave count:  Wave (iii) of {v}.
ADI Technical Indicators: Above all averages
ADI Trading Strategy: Looking for longs into wave (iii).
ADI_4H.png.933c818fafc91c6780b4700486ef0132.png
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