ADI good spot mainly off or S&R Long
Analog Devices, Inc.NASDAQ
Description
⋅ 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.