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motleifaul
Jul 6, 2023 2:35 PM

Rise Retraced Long

Microchip Technology IncorporatedNASDAQ

Description

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.
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