The PEAD projected a Bullish outlook for $MCHP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 45.45%.
It is a classic flat pattern. A clear text-book Elliott wave corrective pattern. Confirmation - consolidation at the top of the structure before the break-out, as well as the break of a flat corrective channel. Shall we exchange more similar set-ups that you may have identified? Here in the comments section. Push a like button and follow the post to get...
With the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA. We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD...
The PEAD projected a Bullish outlook for $MCHP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Neutral pattern until a trendline is broken. There appears to be a smaller rectangle inside a larger rectangle. Price is at a resistance level today. A thrusting candle pattern is formed when a long red candle is followed by a green candle. The green candle closes above the black candle's close, but it doesn't close above the midpoint of the red candle's real...
Good relative strength, insider buying aggressively, breakout confirming consolidation/correction coming to an end and setting up an initial run to $86 for NASDAQ:MCHP
💡💡#SIGNAL 💡💡 MCHP ▶️ Buy in Block 🔴 SLT - 1D (Trigger) #MCHP_1D_300322
Microchip looks solid. Adjusted Op Er Growth of 17.9%. Blended P/E currently 17.40. Div of 1.27% that sits at about 18% payout ratio. 40 billion dollar market cap. Peg ratio 0.96
Consolidation could be broken higher with a minimum target in the region of 200.
* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Broke out of an 11 month range on November 4th * Since the breakout it has been consolidating above the broken level making it a new support * Maximum probable ROI would be 25.60% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the...
Consolidation Breakout + retest Entry 83.6 Stop 81.3 Target 94 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Disclaimer This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background,...
Ok, the price is touching the EMA200 and it's showing rejection from that support, yay!!! also we could consider that a double bottom with the previous candles and indicators seems to be really low with a clear momentum loss. We could all say it is an amazing opportunity... right? I consider that to be a real possibility, but on second thought, there might be...
A clear opportunity for a short position here with all my indicators pointing as such. TP: 138 At TP I will look to take a long positon.
MCHP looks strong enough now to get over the downward trendline. Bought some at 151.33.
Potential triangle of A, B(triangle), C. Then should see a move to the 200 level.
MCHP respecting trend lines, bullish at the moment