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Peet_Serfontein

ADI: confluence trading

Long
Analog Devices, Inc. (NASDAQ:ADI)  
Peet_Serfontein  
NASDAQ:ADI   Analog Devices, Inc.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
A falling wedge pattern and double bottom pattern appear to be developing.
Above 188 supports a bullish trend direction.
Increase long exposure for a break above 193.
Upside target at 198 (see the targets from the patterns).
Stop-loss at 185. Negate the bullish stance for a break below this level.
The MACD also close giving a bullish crossover.

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