I'm seeing a pennant pattern with a refined resistance level and short term rising trend line. I'm expecting a breakout sooner or later backed by positive analyst expectations. Target just below $700.
I'm expecting the bullish momentum to continue towards new all time highs. Areas plotted to look out for.
Monolithic Power Systems Long Entry at 428.51 Take Profit at 469 (9.45% profit from entry) Stop loss at 408
Hello guys. Made a quick look at MPWR daily chart. Structure is looking bearish. Why? 1. Lower highs, lower lows 2. Inability of the price to reach bc level (out of 3-4 attemts) in 2022. 3. Gradual increase of volatility from Initial reaction down (Chofbeh reaction) to August decline. 4. November + December rallies are pretty weak (touching only 0.5 of previous...
Order BUY MPWR NASDAQ.NMS Stop 347.57 LMT 347.57 will be automatically canceled at 20230401 01:00:00 EST MPWR daily indecision candle after earnings and moving averages cross ABC correction looks complete whether a 5 wave setup up or grind in the bull flag we should hit at least 1.2R of we clear this candle from above.
Compared with the rest of the Nasdaq, the retracement off the high earlier this year is essentially non-existent. Moonish to 900 price, locked it in today. Potential mid-week catalyst if TSM beats its quarterly as well. Either way its moonish. -MonoPigith NASDAQ:MPWR CME_MINI:ES1! CME_MINI:NQ1! AMEX:SOXL NYSE:TSM
Breaking out of 10 Month Rectangle Pattern Steady Uptrend Decent Volume Earnings coming up Pays out Dividend