Let's see where we go from hereThis break out wasn't the strongest but seems the most convincing.
Be careful Powel on Wednesday. Take da gainz when you get them.
ADI trade ideas
$ADI Squeeze/ Equilibrium Pattern$ADI in a daily squeeze/equilibrium pattern tightening up. Weekly consolidation came off all time high’s 5 weeks ago. Stacked bullish EMA’s on the daily/ weekly. If we see some bullish continuation in the markets, especially in tech - ADI is poised well for a bullish play if we see a bull break this squeeze/eq pattern. If top or bottom fishing for a position inside the Eq pattern, take note of the way ADI moves with lunar declination: maximum and minimum lunar declination correlate well with pivots within 1-2 days.
NASDAQ:ADI
$ADI at the levelHere we see $ADI overtook every moving average on 2 hour and looks primed to move back higher.
Need to see how it continues to interact with the $187 level.
Semi companies have been flying think $NVDA, $AMD, even $ON.
After earnings $ADI since calmed down, and with the overall market permitting wants to join the party again.
This company fundamentally can be at $200-$200, but of course trade with caution and don't rely on price targets to hit.
ADI good spot mainly off or S&RI 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.
Shakeout?On Friday we saw a large decline after the short lived break of the MA barrier. This was in line with a decreasing momentum. Today we could not manage to regain the lost ground and failed to reach the MA again.
With a further decline of the momentum I suppose that the stock has given up to change the downward trend and surrendered to the bears.
ADI Dumper soon - Target $154Ok, this is gonna sound weird to anyone who hasn't followed me, but when I intuitively asked how to make a chunk of money towards my $ goal this morning, I literally got "Listen devices". I'm like, Huh? Answer: "Analog". Me remembers a stock Analog Devices, so let's check her out...
It's in the semis space, which I've had many warnings about for a long time now. Obviously, it's down trending...
The gist (based on my dowsing info) is she's gonna have a real bad next couple days. I'm looking for the low, or the hard break and target reached on Monday. When/if it gets around 154 you take your money as these areas are often reversals.
This afternoon I'm expecting a short squeeze, which is perfect to short into. Hope I'm right! LOL
Oh, and don't forget how this could impact the NDX if it plays out. Be careful.
ADI at top of channelLooking to play puts at the $175 strike expiring 10/29. ADI has been rejected by the top trendline of the channel 5 times previously. If ADI breaks above the trendline on increased volume will look to close position and enter calls. I think this gets rejected again though and heads to $173-174 before bouncing.
Short ADI on an upwards wedgePuts on ADI
~SL above ATH (180.77)
~PT1 172.50 (could see strong support here)
~PT2 170
~PT3 168
RSI divergence on last 2 ATH, a rejection at the resistance line in an uptrend, gap to fill on down 168-170
We saw a double bottom from this last impulsive move. a pullback to the neckline at PT1 very likely.
