Microchip Technology Incorporated
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Long trading idea on $MCHP

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Long trading idea on MCHP

Reasons to buy:

The stock has arrived at a strong support level, maintaining its long-term uptrend.
We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH.
Increased volume and the formation of a doji signal a potential reversal after a recent downturn.
Strategy: Partial take profits can be placed before reaching ATH, with the rest held for a longer-term target beyond ATH. Looks like a solid opportunity!
İşlem kapandı: durdurma seviyesi
The stop loss was triggered. I’m still following it to see how it performs over the next few weeks. It’s important to have a stop loss because the next drop could be to 35. Better not to find out with your own money.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.