MCHP - Easy ShortSimple Harmonic identified. Short MCHP at the Open. - 62.59 Target - 60.09 Stop - 63.84 Risk:Reward 1:2Shortby d34dc4t2
1 of the best in tech stocks but could face strong wallUp 24% from Feb low after a new lower low but the breakout above Feb high is encouraging and looks strong but facing the descending resistance line now close above it will suggest a possible 52wkh next few weeks. If it fails to push higher it qualifies buy in the dips as long as price stays above Feb high at and around $44. Trade less and save more!Longby Xafada1
CHART OF THE DAY at 1-20-2016 BUY $MCHP at $41.71 CHART OF THE DAY at 1-20-2016 BUY $MCHP at $41.71 Longby swingstocktraders1