MCHP: Update 2 - Range Trading With Upside Potential MoveRange Trading With Upside Potential Move Please don't forget to FOLLOW , LIKE and COMMENT ... If you like my analysis:) Thank you and Good Luck! Primary analysis after new developments: Longby KlejdiCuniUpdated 10109
Cup and Handle RectagleThe handle has morphed in to a rectangle Much like A<MD did Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle Maybe a swing trade, or maybe not..depends on what youl like I am personally not a fan of trading inside of rectangles. But we are all different. I do not think this stock will bottom out. But who knows? A break out or an increase in volume is needed desperately when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern That would be awfully close to entry if going long Not a recommendation/I still own this but at this point, I am leery to buy more right now But tomorrow is another day Nice gain today though! HL= Handle low which is often an important source of supportLongby lauralea1
Cup and Handle RectagleMCHP has stalled and looks to be in a rectangle. I have been noticing it goes up then back down like it is struggling. Top of rectangle is The possible market rotation has been tough for any type of tech stocks it seems Mid rectangle can be a stop if it breaks up or down from rectangle I am hoping MCHP will regain momentum but for now, it is not looking too peppy. If you look at the weekly chart, you can see the rectangle easily A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas. To qualify as a continuation pattern, a prior trend should exist. Bottom trendline of rectangle is 97.5 Not a recommendationby lauralea1
MCHP: Update 1 - Range Trading With Upside Potential MoveRange Trading With Upside Potential Move Thank you and Good Luck!Longby KlejdiCuniUpdated 212128
MCHP: Bulls Are In Complete Price Control And The Next Stop is..MCHP: Contracting Triangle TP 1 = 117.91 TP 2 = 123.80 TP 3 = 134.95 Thank you and Good Luck! Longby KlejdiCuniUpdated 6633
MCHP Long set up/increasing volumeBeautiful breakout - It's a nice long set up. As all the indexes are likely to head higher most stocks will benefit especially tech stocks. There is a high reward ahead it seems on this one. This is just an opinion. Please do your own homework before investing.Longby Riainvestment1
Cup and Handle Ascending TriangleHandle low is 96.45 So close and yet so far! MCHP is trying to reach through some hard R. I am wondering if a pull back is coming at this point. Monthly candle is a hammer as is weekly I have hung in there for monthes on this one waiting on it to break out! B/O 112.5 but since it hit 113.28 and did not break out..a bit of a set back I would say B/O is now over 13.28...say 13.35 to be sure. MCHP was in a small rising wedge but looks to have fallen out and recovered. Short interest is a bit over 7%...Bummer..I do not like them.lol And they are not always right..but I do acknowldge their opinion. I am wondering what they see that I do not?? Perhaps the R? MCHP has been trying hard to break out. A few times I thought about selling as it has been a bit prolonged to say the least The chart is very bullish..I am planning to hang. Not a recommendationLongby lauraleaUpdated 2
Cup and Handle Ascending TriangleSo close and yet so far! I have hung in there for monthes on this one waiting on it to break out! It has been trying. A few times I thought it was a goner The chart is very bullish..I am planning to hang. Short interest is increasing..Bummer..I do not like them.lol Not a recommendationLongby lauralea1
MCHP - 16.08% Potential Profit - Corridor BreakoutCorridor Breakout out of a 3-month price correction. Moderate possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - 3-Month Uptrend before correction - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $110.44 Suggested Stop Loss $106.77 Target price $128.15 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.Longby mascheraUpdated 2
MICROCHIP TECHNOLOGY Plan Hey investors, MICROCHIP TECHNOLOGY is in a fake bearish movement large volume of sales and similarly the session before, it leaves to make a reversal on its last previous low point. It wants to try to go to strong trend support level with great possibility of rising in the consolidation zone to breakout eventually and join its new zone. We go to the next high and even arrive at the last high point. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd1
Ascending Triangle C&HMCHP has recovered after an earnings beat that sent the stock down anyway. Go figure? Closing in on possible Break out of cup and handle pattern. Has barely penetrated upper trend line of A Triangle Not a recommendation We can't always just focus on our next shot. It is often a good idea to look at the whole table and play defense and set up for your next shot.Longby lauralea1
Cup and HandleMCHP has fallen from it's rising wedge and seems to be recovering Earnings are tomorrow AMC I guess break out depends on earnings I own this but I do not recommend itLongby lauralea3
The risk on MCHP......I posted a bullish chart on MCHP last week, but wanted to follow-up with the downside risk. If market weakens then i think it could drop to ~$90 range which was support in 2019... would setup a nice inverse H&S pattern with a target of close to $160by kflynn20182
Cup and Handle Ascending TriangleEarnings 8-4 MCHP is falling from a very small rising wedge so I am hoping it does not fall too much more Stop below handle low I own this stock but I do not recommend itLongby lauraleaUpdated 4
Running flat?MCHP hit the 50 day moving average today and the 1 hour 5 RSI was deeply oversold at the close. Might be a good spot to stab at it for a trade higher. Downside likely the June low at around $97by kflynn20182
MCHPAs you can see price tried to form a false breakout of an important resistance level at 108 USD/Share. That’s why now we are looking at how price will be acting: if there is going to be an impulsive breakout, you can go long for this stock after a fractal formation. And the first target will be around 113.by Horizon_Trading3
MCHPMicrochip Technology (MCHP): The price is currently testing the level 108 USD/Share. My idea is that If the price will form a breakout than a pullback – after fractal you can go long and the target will be at 114 USD/Share. Notice that the price is going directly with the trend line. by Horizon_Trading4
Cup and Handle?I see a cup and handle/Hypothetical Break out at 112.5 Target 1: 135 to 145 Target 2: 182 to 200 My stop is at 92 Vision without action is a dream Action without vision is a nightmare..so do your research,,,I find I do better when I trade stocks I like verses what everyone else likes (o:Longby lauralea6
MCHP: Cup/HandleEntry: 113 (Again I was not patient and I am in) Wish me luck! Stop: 93 Target 1:136 to 150 Target 2: 188 to 209Longby lauralea5
MCHP inside High Time Frame Turning ZoneLooking for a re-entry in the 60 min level with nice profit potentialShortby elprimo8Updated 444
$MCHP Microchip Technology to challenge All Time Highs The stock jumped in afterhours after the company reissued guidance-= Source SeekingAlpha Microchip (NASDAQ:MCHP) +6% now expects FQ1 consolidated net sales in the range of $1.247B to $1.326B from the prior $1.194B to $1.3B. Non-GAAP EPS in the range of $1.35 to $1.53 (prior: $1.25 to $1.45). Steve Sanghi, CEO: “With two months of the quarter behind us, our business is performing better than we expected during our May 7, 2020 earnings conference call. COVID-19 related supply chain disruptions which were primarily in Malaysia and Philippines have eased. We have begun to make up for lost production and expect to continue to gain ground through the end of this quarter.”Longby RedHotStocks10