Possible entry level $98 = Target price $105 @ Fib extension. High short interest of 13% coming into earnings. Upgrades pre earnings may be a sign of analysts not wanting to get caught offside, expecting good things. Technically the stock has been and looks set to continue in a bullish uptrend. A breakout is on the cards if earnings are good. RSI and price are...
Average analysts price target $105.16 Yield 1.6% P/E ratio 62 Short Interest 14.34% Company profile Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and...
A bit range bound narrowing for 6 months. Will declare itself soon. #breakoutwatch $MCHP
Contrarian is sometimes best, we look for something that everyone hates and have low expectations on, MCHP certainly fits that rationale, which is confirmed by the high short interest. AS earnings approach we see a good risk reward trade with a tight stop loss, anything positive after hours could lead to a nice short squeeze. AVERAGE ANALYSTS PRICE TARGET ...
MCHP is one of the very many within the semi-conductor industry that has been hit the hardest. It is extremely over extended to the downside and oversold. It is beyond the bollinger bands as well. It has just formed a bullish harmani with the 200sma sneaking up under it. I'm aiming for a 6.5% snapback to $90, then taking profits. Setting my stop at around...
buy above yesterday's low 89.42 Please like, comment and follow if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Microchip stock has been in downtrend lately after testing yearly high of 100$ multiple times, this downtrend have followed Elliott impulse waves nicely , now it should follow upward waves , if will test both 80$ and 90 $ resistance during this. Let me know what do you think.
Microchip Technologies stock, in the Semiconductor Industry, has a top that completed in early September, seen best on the weekly chart. This is a common top right now. I see it in many topping stocks. The trading range breaks to the downside, usually on company news. The question now is WHERE will it find sufficient support to commence a bottom? The answer lies...
Bullish pennant, tk cross, and kumo twist. RSI is looking ready for an uptrend as well. price has confirmed uptrend by passing cloud. Buy some shares and watch it closely on larger time frames to ensure its good to hold
If you're thinking in long-term, you will not buy. The price is below 30MM, and yet, we can't see strong support. RSI is low too.
If we can get below 89 this will go to the 100MA on the weekly chart. That is the nearest support
Technicals Positive on all time frames Has broken out above historical high Has broken and closed above psychological $100 level This was done in mild volume, so volume confirmation would be welcome Trade setup Buy the breakout in half size Stop loss at 92 and 88 Target 110 Expected timeline for this trade 7 weeks Please mind macro numbers (CPI today) and...
30th Jan. ABCD Reversal Pattern. Price failed at 97 level. Stoch on Weekly rolling over. Picked up Feb 16 95 Puts for a short reversal...
Positive MACD crossover. Reaction up from support around 86. Target 95.
28th November - Retrace In Progress. C-D Leg Setup. Jan 90+ Calls