I'm seeing a pennant pattern with a refined resistance level and short term rising trend line. I'm expecting a breakout sooner or later backed by positive analyst expectations. Target just below $700.
Price reached the Bearish ABCD reversal zone at 738 usd. it should go down from here but i'll be waiting for consolidation/clear pattern around these levels.
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15+ locations worldwide.
Potential swing long on a break of the range highs.
Hello guys. Made a quick look at MPWR daily chart. Structure is looking bearish. Why?
1. Lower highs, lower lows
2. Inability of the price to reach bc level (out of 3-4 attemts) in 2022.
3. Gradual increase of volatility from Initial reaction down (Chofbeh reaction) to August decline.
4. November + December rallies are pretty weak (touching only 0.5 of previous...
The PEAD projected a Bullish outlook for $MPWR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Order 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.
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%.
A 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. ...
$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.
Compared 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
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%.
* 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!
