Bullish Re-Entry on MCHP – Strong Support & Long-Term Trend
I’ve gone bullish on 
MCHP once again, making this the third entry after being stopped out twice recently. Last Friday, I re-entered because the stock is in a strong, long-term bullish trend and currently holding at a key support level. Volume has also increased, showing renewed interest, and with the all-time high (ATH) not far off, there's strong potential for upside. This trade is structured with a 1:18 risk/reward ratio for an optimal setup.
https://www.tradingview.com/x/GNW83sus/
MCHP once again, making this the third entry after being stopped out twice recently. Last Friday, I re-entered because the stock is in a strong, long-term bullish trend and currently holding at a key support level. Volume has also increased, showing renewed interest, and with the all-time high (ATH) not far off, there's strong potential for upside. This trade is structured with a 1:18 risk/reward ratio for an optimal setup.https://www.tradingview.com/x/GNW83sus/
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.