2waytrading
Long

1 of the best in tech stocks but could face strong wall

NASDAQ:MCHP   MICROCHIP TECHNOLOGY
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Up 24% from Feb low after a new lower low but the breakout above Feb high is encouraging and looks strong but facing the descending resistance line now close above it will suggest a possible 52wkh next few weeks. If it fails to push higher it qualifies buy in the dips as long as price stays above Feb high at and around $44. Trade less and save more!
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