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MONOLITHIC POWER SYSTEM INCMONOLITHIC POWER SYSTEM INCMONOLITHIC POWER SYSTEM INC

MONOLITHIC POWER SYSTEM INC

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MPWR trade ideas

Rectangle/Bearish CrabA 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. Price hit the 1.618 of this W pattern and turn back down. T1 of a crooked W is often the hump in the W or the top of the AB Leg. Some would even use level X but price has already passed level X. No recommendation. I am marking this as "Short" due to the bearish crab pattern. The Rectangle is neutral and not short unless the support trendline is broken. There are 2 sets of targets in orange as there are 2 patterns. Rectangle targets are below the rectangle. The Crab targets are inside the rectangle.
NASDAQ:MPWRShort
by lauralea
MPWR somehow still above 300.000.618 fib level has been tested repeatedly, and holds for now despite continuing to trade below MA100 and MA200. Selling pressure apparent from CMF and acc/dist. Most recent earnings tending toward pre-pandy levels, so perhaps overvaluation is becoming more difficult to ignore. Though I could reasonably see MPWR bouncing again within the current sideways channel, I tend to favor a continuation of the downtrend, if only for the complete dearth of bullish signatures at the moment.
NASDAQ:MPWR
by oerboom