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TradeWithParas

MCHP Ascending triangle breakout

Long
Microchip Technology Incorporated (BATS:MCHP)  
TradeWithParas  
BATS:MCHP   Microchip Technology Incorporated
Support and Resistance Triangle Trend Lines MCHP microchip nasdaq stockpicks
1
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supportandresistance triangle trendline mchp microchip nasdaq stockpicks
Reasons for bullish bias:
- Ascending triangle breakout
- Price broke All time high
- Strong resistance breakout

Here are the recommended trading levels:
Entry Level(CMP): 100.40
Stop Loss Level: 91.77
Take Profit Level 1: 109.03
Take Profit Level 2: 117.66
Take Profit Level 3: Open
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