MCHP โ 30-Min Long Trade Setup!๐
๐น Ticker: MCHP (NASDAQ)
๐น Setup: Falling Wedge Breakout + Oversold Bounce
๐ธ Breakout Zone: ~$40.74 (yellow zone breakout)
๐ Trade Plan (Long Position)
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Entry Zone: $40.60โ$40.80
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Stop Loss (SL): Below $39.08 (white key level)
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Take Profit Targets:
๐ TP1: $43.27 (red zone โ resistance shelf)
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Key facts today
๏ปฟSteve Sanghi, chairman and interim CEO of Microchip Technology, joins Intel's board, enhancing management expertise in the semiconductor industry after the resignation of former CEO Pat Gelsinger.
MCHP โ 30-Min Long Trade Setup!๐
๐น Ticker: MCHP (NASDAQ)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Falling Trendline Break + Support Reclaim
๐ธ Breakout Price: ~$48.47
๐ Trade Plan (Long Position)
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Entry Zone: $48.40โ$48.50 (bullish breakout + yellow resistance zone retest)
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Stop Loss (SL): Below $47.62 (white support zone โ str
Bullish Re-Entry on MCHP โ Strong Support & Long-Term TrendIโve gone bullish on NASDAQ:MCHP once again, making this the third entry after being stopped out twice recently. Last Friday, I re-entered because the stock is in a strong, long-term bullish trend and currently holding at a key support level . Volume has also increased , showing renewed inte
MCHP Bullish Setup โ 1:25 R:R with 3 Consecutive Doji CandlesNASDAQ:MCHP has arrived at a key historical support level, and weโve now seen 3 consecutive doji candles, indicating indecision but a potential bullish reversal. The stock remains in a long-term uptrend, with the all-time high (ATH) not far off.
Increased volume suggests renewed buying pressure, o
Long trading idea on $MCHPLong trading idea on NASDAQ:MCHP
Reasons to buy:
The stock has arrived at a strong support level, maintaining its long-term uptrend.
We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH.
Increased volume and the formation of a doji signal a potent
MCHP Long Setup: Oversold Rebound w/ Rising Volatility & VolumeMicrochip Technology (MCHP) is presenting a promising long opportunity for a temporary rebound, supported by three strong technical factors:
Slow Stochastic in Extreme Oversold Territory : The indicator is below 20, signaling excessive selling pressure, often linked to potential short-term recov
MCHP - JULY 24 MATrend Sustainable Momentumsubmitted MCHP's order before market open. Stock dropped significantly as the broader market was already falling.
I closed the trade early as per plan as tomorrow is the release of the GDP report (High impact)
MATrend Sustainable Momentum (Systematic) ๐
This is a variant of the Unsustainable stra
MCHP - May 24 (MATREND v1.6)Entered Short MCHP based on the 29 May signal. This is a good exploration probe because if price breaks the resistance we should see some good downward movement.
Regime Indicator: Bearish
v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
e
MCHP Ascending triangle breakoutReasons for bullish bias:
- Ascending triangle breakout
- Price broke All time high
- Strong resistance breakout
Here are the recommended trading levels:
Entry Level(CMP): 100.40
Stop Loss Level: 91.77
Take Profit Level 1: 109.03
Take Profit Level 2: 117.66
Take Profit Level 3: Open
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Displays a symbol's price movements over previous years to identify recurring trends.
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