MCHP Break over 100 should be purchased
Technicals
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
Trade setup
Buy the breakout in half size
Stop loss at 92 and 88
Target 110
Expected timeline for this trade 7 weeks
Please mind macro numbers (CPI today) and only trade in the direction of the market.
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
Trade setup
Buy the breakout in half size
Stop loss at 92 and 88
Target 110
Expected timeline for this trade 7 weeks
Please mind macro numbers (CPI today) and only trade in the direction of the market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.