Analyzing the options chain and the chart patterns of ADI Analog Devices prior to the earnings report this week,
I would consider purchasing the 195usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I’m just waiting for the stock exchange to open to check the possibility of entering on the breakout of consolidation.
The worst part is that the market can open with a gap. Then my scenario will be cancelled.
ADI long position.
Market get to a lower Lin Reg and below MACD on H4.
Confirmation on H1 and M15 !!! - BUT.... I STILL DON'T LIKE THE RISK/REWARD RATIO!!
Small position on buy - I said small!!!
Suggested TP: Tp1 at $189.30(close 50% of the position) and 2nd at $194.55(green arrows).
or Main TP at level $192.61(blue arrow).
Suggested SL: Always follow the...
The PEAD projected a bullish outlook for NASDAQ:ADI after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
monitor for a breakout of the monthly chart. There is a bullish cup and handle set up. This is another Nanotechnology stock. firm primarily produces integrated circuits, power management products, and other microelectromechanical systems (MEMS)
Head N Shoulders- Wyckoff Distribution on top edge
Limit order on the previous support of the distribution area
Stop Loss on top of resistance
Take Profit on the other edge
Information to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Analog Devices Inc. reported their earnings this morning BMO: I'm anticipating the market will open and buy the surprise.
The %B is at a good value to "signal a continuation in buying".
A falling wedge pattern and double bottom pattern appear to be developing.
Above 188 supports a bullish trend direction.
Increase long exposure for a break above 193.
Upside target at 198 (see the targets from the patterns).
Stop-loss at 185. Negate the bullish stance for a break below this level.
The MACD also close giving a bullish crossover.
$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...
$ADI still looks fine. I don't think this play falls apart just yet.
The market is swinging very wide, and the Semis are strong. Even with $ADI vs the indexes. The indexes fell harder and $ADI and all semis look strong.
Here 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...
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...
