The price is experiencing panic selling across the entire U.S. tech sector, with sales significantly lowering the P/E ratio.
Monolithic produces power circuits used in virtually all types of electronic equipment and is a leader in this steadily growing sector.
At the moment, the decline has stopped at the $588 support level, from which a recovery has begun.
I find it highly likely that both gaps will close, the first one within the year, with an increase of 50% or more.
Monolithic produces power circuits used in virtually all types of electronic equipment and is a leader in this steadily growing sector.
At the moment, the decline has stopped at the $588 support level, from which a recovery has begun.
I find it highly likely that both gaps will close, the first one within the year, with an increase of 50% or more.
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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.