motleifaul

Rise Retraced

Long
motleifaul Updated   
NASDAQ:MCHP   Microchip Technology Incorporated
The rise since June 23rd has been retraced by about 40 %. This level is the range of the first quarter of the year tops and the high of June 15th. I can imagine that from here we may see another race for further highs.
Trade closed: target reached:
I am closing this position to reduce long risk in this unsecure market taking the small profit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.