This is a good breakoutthis is a good breakout
Will see if this has followthrough upcoming days to get a feel for whether or not breakouts have followthrough.
MPWR trade ideas
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.
MPWR // wedge indicatorIf it closes above the wedge indicator on the daily time frame, the target will be the wedge indicator on the weekly time frame.
$MPWR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MPWR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
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.
$MPWR Pulling back to breakout Level$MPWR is a Semi name I would like to get onboard.
Building a trading range right on top of its breakout level.
Many traders with "buying support" strategies would have been buying this on Friday. I want to see it turn up first and set a Pulllback buy setup.
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!
AMEX:SOXL
NYSE:TSM
$MPWR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MPWR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
MPWR offering another entry before moving higher?* Exceptional earnings
* Very strong up trend
* High RS in the Tech sector
* Breaking out of a ~2 month consolidation with higher than average volume (148.8%)
* Offering another very high volume entry from the initial breakout point
Trade idea:
* Perfect time to enter as it's very close to the initially broken level and it has a tonne of volume!
MPWR BreakoutBreaking out of 10 Month Rectangle Pattern
Steady Uptrend
Decent Volume
Earnings coming up
Pays out Dividend
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.
$MPWR with a bullish outlook following its earnings #BeststocksThe PEAD projected a slight bullish outlook for $MPWR after a positive over reaction following its earnings release placing the stock in Drift B
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MWPRTaking a small position here after selling off the majority stocks today. Feel okay about this one since it managed to perform relatively well despite market conditions.
$MPWREntry price : 306.4
Fundamentals :
- Sector: Chips - Elec-Semiconductor
- EPS % Chg (Last Qtr): 56%
- 3 Year EPS Growth Rate: 16%
- EPS Est % Chg (Current Yr): 28%
- Sales % Chg (Last Qtr): 54%
- 3-Year Sales Growth Rate: 17%
- Annual Pre -Tax Margin: 30.6%´
Technicals : Hammer/Support
$MPWRPosition :
Entry price: 326.74
SL: 307.66 (-5.84%)
TP: 384.00 (+17.52%)
R:R: 3.
Fundamentals :
Sector: Semiconductors
EPS % Chg (Last Qtr): 56%
3 Year EPS Growth Rate: 16%
EPS Est % Chg (Current Yr): 28%
Sales % Chg (Last Qtr): 54%
3-Year Sales Growth Rate: 17%
Annual Pre -Tax Margin: 30.6%
Technicals
Breakout after shakeout
$MPWR with a bullish projection even after negative earnings$MPWR posted less than expected earnings but the PEAD projected a bullish outlook for the stock, currently price is trading close to the median line.
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Fall CorrectedThe fall since the opening today has been retraced now and the decline may go ahead again.
MPWR: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
MPWR - PutsMPWR has been on a long steady up trend for years now. It hit some major resistance at 150 and fell below the 50 DMA. We need to be careful with this one since we are fighting against the long term up trend. I'm looking at entering puts around 140 with a SL at around 146-148. This could easily regain momentum and go back up, but offers plenty of space to fall back towards 125-130. The MACD on the 30 min shows a great bear set up forming.
