Microchip stock has been in downtrend lately after testing yearly high of 100$ multiple times, this downtrend have followed Elliott impulse waves nicely , now it should follow upward waves , if will test both 80$ and 90 $ resistance during this. Let me know what do you think.
Microchip Technologies stock, in the Semiconductor Industry, has a top that completed in early September, seen best on the weekly chart. This is a common top right now. I see it in many topping stocks. The trading range breaks to the downside, usually on company news. The question now is WHERE will it find sufficient support to commence a bottom? The answer lies ...
Bullish pennant, tk cross, and kumo twist. RSI is looking ready for an uptrend as well. price has confirmed uptrend by passing cloud. Buy some shares and watch it closely on larger time frames to ensure its good to hold
Positive on all time frames
Has broken out above historical high
Has broken and closed above psychological $100 level
This was done in mild volume, so volume confirmation would be welcome
Buy the breakout in half size
Stop loss at 92 and 88
Expected timeline for this trade 7 weeks
Please mind macro numbers (CPI today) and only ...
Microchip Technology Inc. (NASDAQ: MCHP) is at a Critical Make-Or-Break Point right now which is around 92 Zone. If it continues to lose momentum and manage to close decisively below this zone on 1 Hour Basis, then we may see a good Down Side as per TTC Breakout Formation.
For Short-term targets, Trader should eye on 90.70 Zone. Then 89.30 is the next support. ...
higher time frame showing change in market structure after pulling back and in defined uptrend
mid time frame shows rising moving average and positive market structure change forming a base before possible breakout
lower time frame is in alignment with higher time frames with positive momentum and volume
first target is resistance of 83.0x area and next level to ...
Thinking about buying this stock because of its earnings coming up aftermarket tomorrow. The last three quarters they have killed their earnings with a short term 7% gain which is what I would be looking for with this trade. Not quite sure about how well things will go because of AMD's earnings but with a few big players going tomorrow in the semiconductor ...