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ADI good spot mainly off or S&R
Analog Devices, Inc.
Long
ADI good spot mainly off or S&R
By nah0
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Mar 15, 2023
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I like
ADI
because of the candles and the support and resistance around it. It just works out that there is a symmetrical triangle around it as well.
For real good confirmation I would love to see that 20-day SMA get overtaken. Then path for upside is very clear.
There are price targets for it above $200, I'm not sure about holding a lot of this looking for that price, but $190's can definitely happen.
Semis have had quite a bit of strength lead mainly by NVDA and AMD.
This one IMO can hit its ATH again or very close.
Remember to keep the flowers and cut the weeds.
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nah0
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