Yearly High
Stock price is at yearly highs.
Monthly High
Stock price is at monthly highs.
Above Bollinger Band
Price is above the upper 14 day bollinger band. This is mostly a reversal signals
as price has overextended and might come down.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts...
Microchip Technology - Short Term - We look to Sell at 74.14 (stop at 80.98)
Momentum is stalling with the posting of new highs and indicates bearish divergence. Bearish divergence is expected to cap gains. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We have a Gap open...
Microchip Technolog y
Short Term - We look to Buy at 65.63 (stop at 62.70)
Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 73.30 and 78.00
Resistance: 74.00 / 90.00 /...
The PEAD projected a Bullish outlook for $MCHP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 45.45%.
It is a classic flat pattern. A clear text-book Elliott wave corrective pattern.
Confirmation - consolidation at the top of the structure before the break-out, as well as the break of a flat corrective channel.
Shall we exchange more similar set-ups that you may have identified? Here in the comments section.
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With the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA.
We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD...
The PEAD projected a Bullish outlook for $MCHP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Neutral pattern until a trendline is broken.
There appears to be a smaller rectangle inside a larger rectangle.
Price is at a resistance level today.
A thrusting candle pattern is formed when a long red candle is followed by a green candle. The green candle closes above the black candle's close, but it doesn't close above the midpoint of the red candle's real...
Good relative strength, insider buying aggressively, breakout confirming consolidation/correction coming to an end and setting up an initial run to $86 for NASDAQ:MCHP
Microchip looks solid. Adjusted Op Er Growth of 17.9%. Blended P/E currently 17.40. Div of 1.27% that sits at about 18% payout ratio. 40 billion dollar market cap. Peg ratio 0.96
* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Tech sector
* Broke out of an 11 month range on November 4th
* Since the breakout it has been consolidating above the broken level making it a new support
* Maximum probable ROI would be 25.60% if the trade goes in our favor
Trade Idea:
* Now's a great time to enter as the...
Consolidation Breakout + retest
Entry 83.6
Stop 81.3
Target 94
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Disclaimer
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background,...
Ok, the price is touching the EMA200 and it's showing rejection from that support, yay!!! also we could consider that a double bottom with the previous candles and indicators seems to be really low with a clear momentum loss. We could all say it is an amazing opportunity... right? I consider that to be a real possibility, but on second thought, there might be...
