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.
Price reached the Bearish ABCD reversal zone at 738 usd. it should go down from here but i'll be waiting for consolidation/clear pattern around these levels.
I'm expecting the bullish momentum to continue towards new all time highs. Areas plotted to look out for.
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets.
Weekly came back down to demand before the move back up. Weekly just broke out of bull flag a few weeks ago
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...
The PEAD projected a Bullish outlook for $MPWR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
this is a good breakout Will see if this has followthrough upcoming days to get a feel for whether or not breakouts have followthrough.
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.
If it closes above the wedge indicator on the daily time frame, the target will be the wedge indicator on the weekly time frame.
The PEAD projected a Bullish outlook for $MPWR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
A Rectangle is a neutral pattern until a trendline is broken. This is a wide rectangle and some would trade inside of it. There is a Bearish Crab inside the rectangle and D, or the end of this last leg is above the Rectangle. The Crab is an extension pattern (D is above X in a Bearish Crab and D is below X in the Bullish Crab) as well as a reversal pattern. ...
$MPWR is a Semi name I would like to get onboard. Building a trading range right on top of its breakout level. Many traders with "buying support" strategies would have been buying this on Friday. I want to see it turn up first and set a Pulllback buy setup.
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
The PEAD projected a Bullish outlook for $MPWR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
* Exceptional earnings * Very strong up trend * High RS in the Tech sector * Breaking out of a ~2 month consolidation with higher than average volume (148.8%) * Offering another very high volume entry from the initial breakout point Trade idea: * Perfect time to enter as it's very close to the initially broken level and it has a tonne of volume!