0HFN trade ideas
$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
