Earnings 11-24 BMO
ADI broke up from an ascending triangle at 131.05...the top trendline can provide support
The handle low can also provide support as well as a few other levels that are under price
As a rule, stop goes below handle low (HL) or Mid cup which is 103.19
Cup and handles are fairly common and easy to spot. Targets are calculated using the depth of the cup and fibonacci levels
Earnings time is tough as a stock can go down even if they cream earnings
Be safe
NV and OBV are high
Short interest higher than I like but not astronomical
ADI broke up from an ascending triangle at 131.05...the top trendline can provide support
The handle low can also provide support as well as a few other levels that are under price
As a rule, stop goes below handle low (HL) or Mid cup which is 103.19
Cup and handles are fairly common and easy to spot. Targets are calculated using the depth of the cup and fibonacci levels
Earnings time is tough as a stock can go down even if they cream earnings
Be safe
NV and OBV are high
Short interest higher than I like but not astronomical