MCHP has fallen from it's rising wedge and seems to be recovering Earnings are tomorrow AMC I guess break out depends on earnings I own this but I do not recommend it
I posted a bullish chart on MCHP last week, but wanted to follow-up with the downside risk. If market weakens then i think it could drop to ~$90 range which was support in 2019... would setup a nice inverse H&S pattern with a target of close to $160
Earnings 8-4 MCHP is falling from a very small rising wedge so I am hoping it does not fall too much more Stop below handle low I own this stock but I do not recommend it
MCHP hit the 50 day moving average today and the 1 hour 5 RSI was deeply oversold at the close. Might be a good spot to stab at it for a trade higher. Downside likely the June low at around $97
As you can see price tried to form a false breakout of an important resistance level at 108 USD/Share. That’s why now we are looking at how price will be acting: if there is going to be an impulsive breakout, you can go long for this stock after a fractal formation. And the first target will be around 113.
Microchip Technology (MCHP): The price is currently testing the level 108 USD/Share. My idea is that If the price will form a breakout than a pullback – after fractal you can go long and the target will be at 114 USD/Share. Notice that the price is going directly with the trend line.
I see a cup and handle/Hypothetical Break out at 112.5 Target 1: 135 to 145 Target 2: 182 to 200 My stop is at 92 Vision without action is a dream Action without vision is a nightmare..so do your research,,,I find I do better when I trade stocks I like verses what everyone else likes (o:
Entry: 113 (Again I was not patient and I am in) Wish me luck! Stop: 93 Target 1:136 to 150 Target 2: 188 to 209
Looking for a re-entry in the 60 min level with nice profit potential
The stock jumped in afterhours after the company reissued guidance-= Source SeekingAlpha Microchip (NASDAQ:MCHP) +6% now expects FQ1 consolidated net sales in the range of $1.247B to $1.326B from the prior $1.194B to $1.3B. Non-GAAP EPS in the range of $1.35 to $1.53 (prior: $1.25 to $1.45). Steve Sanghi, CEO: “With two months of the quarter behind us, our...
As with the majority of Chip\semi stocks sentiment and price action is bullish. Lets have a look at the charts for a insight pre earnings Average analysts rating $101.80 \ Buy Short interest 13% 33 p/e ratio Company Profile Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and...
Shooting star bearish pattern. As well as recent uptrend accompanied by rather sideways (arguably downard) OBV.
Post market news release CHANDLER, Ariz., Jan. 06, 2020 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today provided an update on the business environment it is experiencing. Microchip has continued to experience strong bookings since October 2019. Microchip...
This stock made an all-time high on Friday, and I expect to continue trend higher. Price target is $125.
Here we can see $MCHP has completed a two year-long Head and Shoulder pattern. Furthermore, to add to our bullish bias for a breakout to all time highs, a smaller Ascending Triangle has formed as part of the right shoulder. Also, this Ascending Triangle almost has the same resistance as the larger Head and Shoulder pattern. A breakout for the Ascending Triangle...
Entry level $ 95.40 with target price to trend line at $100. Stop loss $94.00 breakout level alert set for $101