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Peet_Serfontein
Mar 24, 2023 4:25 AM

ADI: confluence trading Long

Analog Devices, Inc.NASDAQ

Description

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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