MPWR strong bull trendMPWR is in a strong bull trend
Entry at current price
Stop loss at 858 if you want to have tight stop loss
Ride the bull trend as its a fundamentally strong stock
MPWR
MPWR Bullish channelMPWR had been in range for quite a while i.e from Nov 2021 to Feb 2024
And then suddenly the fundamentals changed and the company become stronger
A bullish channel has formed and at the moment the stock is at the top of the channel cieling
RSI and current movement suggest it will now corect for some time , take support from 770 and then move back up or its testing the top of the channel and will move further up
Best safe strategy is to buy partial right now and then add on correction
Entry @ 900-915
Stop loss @ 755
TP endless
MPWR breaking daily resistanceReasons for bullish bias:
- Price gave ATH breakout
- Price-breaking strong resistance
- Simple DOW theory
- Entry at HH breakout plus pole breakout
- Bull flag formation
Here are the recommended trading levels:
Entry Level(CMP): 786.71
Stop Loss Level: 700.65
Take Profit Level 1: 872.77
Take Profit Level 2: 958.83
Take Profit Level 3: Open
MPWR: Breakout Coming?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.
MPWR: Potential BuyI'm expecting the bullish momentum to continue towards new all time highs. Areas plotted to look out for.
Monolithic Power Systems (Long)Monolithic Power Systems
Long
Entry at 428.51
Take Profit at 469 (9.45% profit from entry)
Stop loss at 408
MPWR. Re-distribution. Is point of excitement coming next?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 decline)
Tactics: even though we have a nice structure that might be local re-accumulation with targets around resistance line of this range we will be looking for shorts with POEntry after break of future local box.
What is your thoughts on this? How do you consider this 1d chart?
MPWR daily indecision after earnings and moving averages crossOrder 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.
Long Monolithic (MPWR) to ~900 PTCompared 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!
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NYSE:TSM
MPWR BreakoutBreaking out of 10 Month Rectangle Pattern
Steady Uptrend
Decent Volume
Earnings coming up
Pays out Dividend
