ADI is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Market participants tracking Analog Devices should note the latest formation. Currently at $348.6, the asset is showing downward momentum (-0.4%). Price action has carved out a classic Ascending Triangle. The trend indicator is reading 35.9/100, suggesting moderate momentum. A potential breakout level is identified at $354.29, targeting $408.02 with support near $306.5 (R:R 1.12).
What is your outlook on ADI?