$ADI - RC -
Added 2024-02-01 00:31:37 +0000 UTCVery large forming wedge which dates back to the dot.com bubble in 2000 and usually we do not go back this far but we noticed a series of linear rejections in a descending wedge and they align with the dot.com high.
This formation is bearish so innovation or acquiring will be needed to break this trend.....the price can continue into the apex of the wedge and may continue to 2026 but long term, this is not a set up I would like in my portfolio.
Any breakdown from the wedge and the targets are as shown.
