Cup and Handle Ascending Triangle
Handle low is 96.45
So close and yet so far! MCHP is trying to reach through some hard R. I am wondering if a pull back is coming at this point. Monthly candle is a hammer as is weekly
I have hung in there for monthes on this one waiting on it to break out! B/O 112.5 but since it hit 113.28 and did not break out..a bit of a set back
I would say B/O is now over 13.28...say 13.35 to be sure. MCHP was in a small rising wedge but looks to have fallen out and recovered. Short interest is a bit over 7%...Bummer..I do not like them.lol And they are not always right..but I do acknowldge their opinion. I am wondering what they see that I do not?? Perhaps the R?
MCHP has been trying hard to break out. A few times I thought about selling as it has been a bit prolonged to say the least
The chart is very bullish..I am planning to hang.
Not a recommendation
So close and yet so far! MCHP is trying to reach through some hard R. I am wondering if a pull back is coming at this point. Monthly candle is a hammer as is weekly
I have hung in there for monthes on this one waiting on it to break out! B/O 112.5 but since it hit 113.28 and did not break out..a bit of a set back
I would say B/O is now over 13.28...say 13.35 to be sure. MCHP was in a small rising wedge but looks to have fallen out and recovered. Short interest is a bit over 7%...Bummer..I do not like them.lol And they are not always right..but I do acknowldge their opinion. I am wondering what they see that I do not?? Perhaps the R?
MCHP has been trying hard to break out. A few times I thought about selling as it has been a bit prolonged to say the least
The chart is very bullish..I am planning to hang.
Not a recommendation
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Hot break out level today of 133.35..but pulled back quickly. I am crossing my fingers
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Correction HIT
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Monthly and weekly candles are bullish. MCHP is above any R right now. Short interest easing. I hope she stays up there (o: