Breakdown of ADI. Any feedback welcome. The perfect time to make predictions is before the thing happens.
Maybe there is some key price activity I am not taking into account or not fully understanding? Maybe there is some fundamental information such as PE that I don't know how to factor in...?
Any takers how to explain the upward shifting value area? Is that like a reverse bull flag?
I'm long ADI at the moment, and after analyzing my conclusion is I'm moving stop up to lock in gains. Thinking the race to the upside might be over.
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There was a selloff, directly after I made this post, and then the market continued it's rally. I am now a much more bullish investor in stocks, so I have no fears that I would have shorted this incorrectly.