ADI potential Butterfly - Sell the TOP
Don't invest. The price is going down, very low MM30 and RSI so low.
ADI: Analog Devices, Inc. 2018-08-21 17:00:00 Analog Devices Reinstates Share Repurchase Program; Increases Authorization by $2 Billion
Looks like ADI has been consolidating for a few months within this long term uptrend. I'd expect a bounce around here with a price target of mid $90's in the coming months.
Buy: 86.04 Target: 87.56 - 90.02 (1.77% - 4.63%) jbzstocks.com @jbzstocks
higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/ support -intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average -looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe -on the shorter time...
My third post: RSI < 40 Support of trendline Potential Gartley Pattern setup. If pattern completes, potential first target, 77.72. I would enter long here despite gartley pattern not completing. Hope you can give me some comments! would love some interaction!
Break below 19.13, stop signal 82.33. Target 65.31