MPWR Bullish channel
MPWR had been in range for quite a while i.e from Nov 2021 to Feb 2024
And then suddenly the fundamentals changed and the company become stronger
A bullish channel has formed and at the moment the stock is at the top of the channel cieling
RSI and current movement suggest it will now corect for some time , take support from 770 and then move back up or its testing the top of the channel and will move further up
Best safe strategy is to buy partial right now and then add on correction
Entry @ 900-915
Stop loss @ 755
TP endless
And then suddenly the fundamentals changed and the company become stronger
A bullish channel has formed and at the moment the stock is at the top of the channel cieling
RSI and current movement suggest it will now corect for some time , take support from 770 and then move back up or its testing the top of the channel and will move further up
Best safe strategy is to buy partial right now and then add on correction
Entry @ 900-915
Stop loss @ 755
TP endless
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.