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28Nov

Analog Devices Inc., Elliott Wave Technical Analysis Monday 28 November 2022

Alessio Barretta |28 Nov, 2022 | 0 Comments | Return|

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Analog Devices Inc., Elliott Wave Technical Analysis Monday 28 November 2022

4 Hour

Analog Devices Inc., ADI: 4-hour Chart, November 28 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: As the RSI also suggests we may have topped in wave {v} as we’ve had divergence between the top of {v} and {iii}. Looking for further downside.
ADI Elliott Wave count:  Wave i of {a}.
ADI Technical Indicators: Above all averages, while 100 and 200EMAs are crossing.
ADI Trading Strategy: If volatility rises we could look for short term shorts. 


Daily

Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 28 2022,

ADI Stock Market Analysis: We are anticipating a potential top in place while we were still looking for short term trades into wave {v}. At this point it looks like we might have topped and are ready to resume lower.
ADI Elliott Wave Count:  Wave {a} of 2.
ADI Technical Indicators: Above all averages.
ADI Trading Strategy: Looking for further developments into wave 2 to then place long term longs.

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