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Analysis: #NASDAQ $ADI

Case 289 #Analog_Devices, Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#ADI 1/4
Chart 1
Weekly Chart: Since recording a new all time high of 127.30, price reversed, closed below the June 2019 #trendline and now unable to break back above. #Momentum is negative and there's a big risk that price trades below the .....

ADI 2/4
..... 92.40 #pivot, the #SMA 200 currently at 92.06.A close below the latter will target the #Fib. 0.382 at 85.04 (15.29-127.30).

ADI 3/4
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