0.618 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,...
The PEAD projected a slight bullish outlook for $MPWR after a positive over reaction following its earnings release placing the stock in Drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Entry 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
Position : 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 posted less than expected earnings but the PEAD projected a bullish outlook for the stock, currently price is trading close to the median line. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
The fall since the opening today has been retraced now and the decline may go ahead again.
An 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 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...