Bullish in all timeframes. Price has gone up since one month.I think that the price will keep going uptrend.
I cannot say until what price it would be uptrend.
The highest price in the past was 103.
4ADI trade ideas
Analog Devices on the hop?ADI has to overcome the consolidating downtrend.
If ADI could trade above the last valid mangenta "2" a longsignal would be generated. TPs on the way up could be 65,5 / 68,5$
Trading above 68,5$ will accelerate the upswing-move.
The Chart turns beraish with Prices below the last mangenta "3?" and in particular below the last red valid "2"
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$ADI pullback into support within uptrend = long opportunity1) ADI has retraced back to a validated uptrending support level
2) ADI has pulled back while pushing through its lower bollinger which should be viewed as a high volatility pull back long opportunity typical of most uptrends
3) Both the 100 simple moving day average and the 200 simple day moving average remain in a bullish configuration with the price above both
4) There is potential for horizontal price support to be validated at this level too (old resistance)
As always DYOR
Analog Devices - $ADI - Long from support zoneToday we have seen a drop of 2% with below average volume behind it.
This indicates to me that this move down is just a small correction and I will look to get a long position from my buy zone which is highlighted green.
Quite a simple set up and not much more to say about it!
ADIContinues in a Bullish trend with recent bounce off of Kumo. Kumo & flat K~S (Blue) offer support
