Last time I analysed POWI things didn't go very smooth so let's try again. If the price breaks below the trend line I'd be worried. Target at $93.
Price has been rising in a clear channel which I'm betting to hold backed with positive analyst expectations. Alternative entry is to wait if price gets closer to the lower trend line.
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $ASML Short 656 $POWI Mean Reversion Time: 6 Trading Days
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $ASML Short 656 $POWI Mean Reversion Time: 6 Trading Days
It needs to break $109.7 to confirm cup w handle. Watch for RSI break out as well. If you find my charts useful, please leave me a "like" thx